The rebound in energy-related stocks continues to gain steam as many oil and gas equipment services companies recently touched four-month highs.
After bottoming in March, the United States Oil Fund LP (ETF) (NYSE: USO) has gained more than 28 percent and challenged many bearish predictions that crude oil prices would continue their unabated slide. USO tracks the daily spot price of West Texas intermediate light sweet crude oil futures and is the most heavily traded oil-related ETF on a daily basis.
Highlight On Market Vectors Oil Services
The strength in this liquid commodity has transformed the beaten down Market Vectors Oil Services ETF (NYSE: OIH) into a powerhouse industry during the month of April. OIH is dedicated to 25 of the largest U.S.-listed oil services companies and has ...
/www.benzinga.com/etfs/sector-etfs/15/05/5463821/oil-services-etfs-soar-to-4-month-highs alt=Oil Services ETFs Soar To 4-Month Highs>Full story available on Benzinga.com
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