BOSTON ( TheStreet) -- Turmoil in the international oil market is a boon for North American energy.
That's particularly true for companies that own oil-shale and oil-sands properties, and those that provide oil-field services used in exploration and production.
Shares of companies in the oil and gas drilling industry have jumped 23% this year, the third-best sector performance of 148 tracked by Morningstar. Oil and gas equipment services is up 11%, ranking 18th. The S&P 500 Index has risen 4.4%.
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