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NEW YORK (AP) — After rallying for a week, shares of oil services companies tumbled in Thursday afternoon trading on uncertainty over commodity prices and a dismal industry outlook.
Market and commodity price uncertainty continue to weigh especially on the oil services sector, deterring operators from adding additional programs until 2010, said Jefferies & Co. analyst Judson Bailey.
Bailey said the deep-water rig market faces pressure amid a competitive pricing market that is driving down day rates. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
Oil *
72.96
|
|
DOWN
49.05
|
DOWN
6.18
|
DOWN
11.05
|
UP
0.57
|
10 Yr
3.60%
SPDR Gold
110.21
|
|
-0.47%
|
-0.55%
|
-0.50%
|
+1.61%
|
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