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NASDAQ OMX: January 17 Energy Commentary

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Thomson Reuters
January 17, 2014

SECTOR COMMENTARY

Energy stocks finished mixed, tracking the broader equity indices. The oil services were the best-performing subgroup due to strong earnings results from Schlumberger, driven by strong international activity. Elsewhere, Royal Dutch Shell fell after warning that its fourth-quarter figures are expected to be significantly lower than recent levels of profitability because of current oil and gas prices and problems in the downstream environment. The announcement follows a similar warning from Chevron Corp last week.

WTI crude oil futures rose $0.41 or 0.44% to $94.37, while Brent crude also ...


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