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NASDAQ OMX: January 29 Energy Commentary

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Thomson Reuters
January 29, 2014


Oil and gas stocks fell along with the broader markets as investors continued a retreat from riskier assets sparked by an emerging-markets selloff and as the Federal Reserve said it would cut back further on its stimulus efforts. Services and drillers posted the biggest losses while refiners outperformed the group today on releases of positive earnings.

WTI crude oil slipped $0.05 or 0.05% to $97.36 after government data showed a hefty build in crude inventories, but losses were curtailed by a larger-than-expected stocks draw in distillates, the third ...

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