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NASDAQ OMX: January 21 Energy Commentary

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Thomson Reuters
January 21, 2014


Energy stocks followed the broader markets higher with the sector being led by the E&Ps which benefitted from the surge in natural gas prices. Integrateds were the laggards due to pressure from ExxonMobil whose shares fell nearly 1% following a downgrade which triggered profit-taking on the recent rally ahead of the company’s earnings release.

Oil services were mixed with Halliburton shares exhibiting nearly 2% losses despite beating earnings estimates after the company said it expected a seasonal decline in first-quarter revenue in Latin America and that margins there ...

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