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NASDAQ OMX: January 16 Energy Commentary

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Thomson Reuters
January 16, 2014


Oil and gas stocks closed mixed, led by natural gas levered E&Ps after natural gas futures continued to build on their recent string of strong gains.

WTI closed at $93.96 down $0.21 or 0.22% with Brent flat traders weighed expectations of more supply from the Middle East and North Africa against news of lower oil output from OPEC. Bullish signs of accelerating global economic growth were undermined by anticipation of increased supply from Libya and of progress in negotiations between Western powers and Iran over its nuclear program ...

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