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BUZZ-UK oil services gain as brent continues to climb

Tue, 03rd Feb 2015 09:57

** UK oil services stocks up on Tuesday after Brent rises further 3 pct, with Hunting Plc, up as much as 12pct, leading the FTSE 350 Oil Equipment & Services Index

** Index slumped to a 5-year low mid-Jan but up 15.2 pctsince then as oil prices recover

** Rise in Brent follows 3 pct gain on Monday and 7.9 pct onFriday.

** FTSE 350 Oil Equipment & Services Index up 3.25 pct, withcomponents Amec Foster, John Wood, Petrofac up between 2.9-3.4 pct.

** Hunting rise also due to recent underperformance, threeanalysts say (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

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