Thankfully, oil and gas shares dropped Tuesday after initially showing strong gains as crude prices retreated from historically high levels. Notably, the Philadelphia Oil Service Index (OSX) suffered the greatest decline, losing 1.9% to 212.95 points. Also - the Amex Oil Index (XOI) fell 0.6% to 1,106.
The market sectors that sold off over the last two days and the investors who retreated into gold should come back strong as oil prices continue to drop.
