Crude oil is down today, but oil services companies (OIH +2.4%) surge on a Merrill Lynch...

|By:, SA News Editor
Crude oil is down today, but oil services companies (OIH +2.4%) surge on a Merrill Lynch research report that sees these firms as the big winners in the upheaval in Saudi Arabia. The thesis is that as the Saudi king seeks to mollify the rioters, he'll have to crank up oil production to pay for new social benefits. SLB +4.9%, HAL +4.4%, BHI +3.9%, WFT +2.4%.