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NASDAQ OMX: December 10 Energy Commentary

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Thomson Reuters
December 10, 2013

SECTOR COMMENTARY

Energy stocks closed mostly lower, tracking broader equity indices, with all subgroups but the refiners closing in negative territory. The oil services were the worst performing subgroup, falling approximately 1% on the day.

WTI crude oil closed higher by $1.17 or 1.20% to $98.51, which outperformed its European counterpart Brent crude by almost 100 basis points. U.S. crude rose as market participants digested news of progress toward the opening of a major pipeline that will transport oil from the U.S. Midwest to the Gulf, helping drain crude from ...


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