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NASDAQ OMX: January 23 Energy Commentary

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Thomson Reuters
January 23, 2014


The energy space was one of the worst performers driven by the weak Chinese manufacturing news. Drillers witnessed the biggest losses after several sell side firms lowered estimates and ratings. Hercules Offshore fell over 15% after releasing a negative fleet status report and Noble Corp fell nearly 9% as one of the worst performers in the S&P 500 after reporting 4Q earnings that were in line with Street estimates and after saying that rig utilization was expected to drop in 2014.

WTI closed at $97.32 up $0.59 or ...

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