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NASDAQ OMX: December 17 Energy Commentary

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Thomson Reuters
December 17, 2013

SECTOR COMMENTARY

Energy stocks reversed yesterday’s gains and experienced declines across most sub-industries, underperforming the losses of the broader markets.   Oilfield services were the laggards even as Barclays raised price targets on several stocks, while refiners ended the day flat.  Volume in most of the space was thin with the exception of the oilfield services which saw heavier activity.  

WTI crude oil fell $0.26 or 0.27% to $97.22 while Brent oil faced losses greater than 1% with both contracts pressured by the specter of the U.S. Federal Reserve tapering ...


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