Shares of oil and gas equipment and services company NexTier Oilfield Solutions (NYSE: NEX) are up 17.5% as of 11:30 a.m. EDT today. While there is no specific company press release or other news sending the company higher, there is a confluence of factors making Wall Street optimistic about its stock. Domestic oil prices are holding steady above $40 a barrel, with a barrel of West Texas Intermediate trading at $40.28 a barrel.
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