Against a backdrop of broader market pressure, the PHLX Oil Service Sector Index (OSX) managed to post modest gains during midday trading on Friday, April 7th.
As of 1:21:12 PM UTC-4, the index, which tracks companies involved in the oil equipment, drilling, and production services industry, stood at 53.36. This represents a slight increase of 0.34%, or +0.18 points for the session.
The index is currently trading just above its previous closing value of 53.18. The intraday chart reveals a volatile session for the sector. After opening near the 50 mark, the index surged significantly mid-morning, reaching a peak close to 56. Since then, it has seen choppy trading but has maintained a position slightly in positive territory, navigating the day’s market fluctuations.