February 14, 2013 at 18:13 PM EST
Oil Services And Equipment ETFs Pump Out New Highs
Oil and gas services and equipment ETFs pumped out fresh 52-week highs Thursday following a positive industry report from Goldman Sachs (GS) and a Transocean (RIG) guilty plea and agreement to pay criminal fine for its role in BP's (BP) 2010 Gulf of Mexico oil spill. PowerShares Dynamic Oil & Gas Services (PXJ), Market Vectors Oil Services (OIH) and iShares Dow Jones U.S. Oil Equipment Index (IEZ) all popped 3%, breaking out of bases or extending
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