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NASDAQ OMX: January 22 Energy Commentary

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Thomson Reuters
January 22, 2014

SECTOR COMMENTARY

Oil and gas stocks closed mostly higher led by natural gas levered E&Ps after the front month contract traded at its highest level in 2 years.

WTI closed at $96.73 an increase of $1.76 or 1.85% on the start up of a new major pipeline, which is expected to help eliminate a bottleneck that has depressed the U.S. futures for three years, and on expectations that frigid weather in the Northeast would prompt strong demand for heating fuel. TransCanada Corp said it has begun to ship crude oil ...


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