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NASDAQ OMX: December 11 Energy Commentary

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Thomson Reuters
December 11, 2013

SECTOR COMMENTARY

Oil and gas stocks finished the day with significant losses as investors found it more likely that following a Congressional budget deal, the Federal Reserve will decide to pull back on its easy-money policies next week.

WTI crude oil closed at $97.44 down $1.07 or 1.09% as a U.S. inventory report showed a larger than expected build in gasoline and distillate stocks, while showing a much larger than expected draw in crude inventories, and Libya said its ports could reopen by the weekend, raising the prospect of more ...


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