Key Points A major oil pipeline in the Middle East remained closed. The Saudi government announced the closure on Friday; on Monday, its status had not changed. 10 stocks we like better than Slb › SLB (NYSE: SLB) , the sprawling global oilfield services company, didn't have a great day on the U.S. stock market as the trading week began. The recent closure of a major oil pipeline in the Middle East rattled investors, as did an analyst's report on the likely harmful effects on sector stocks with high exposure to the region. As a result, SLB's shares fell by nearly 5% that trading session. Turning the valve On Friday, the government of Saudi Arabia announced it had shut down the East-West pipeline, a major conduit for crude oil in its region.
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