Oil Services Hammered Again (HAL, SLB, RIG, OIH)

The fallout from a Presidential panel which blamed a number of different oil service companies for the BP oil spill, including Transocean RIG and Halliburton HAL, in addition to BP BP, is continuing to weigh on the sector. On Monday all of the major oil service names have fallen. Schlumberger SLB shares have lost 1.36% to $80.47. Transocean (RIG) is down 2% at $73.54, and Halliburton (HAL) has shed 1.17% to $38.00. The Oil Service HOLDRs ETF OIH is down 1.65% to $136.95 and has lost 2.55% already in 2011.