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NASDAQ OMX: January 30 Energy Commentary

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Thomson Reuters
January 30, 2014


The energy sector finished the day mostly higher led by the oil services while integrateds underperformed the group driven lower by Exxon Mobil and Imperial Oil. Exxon Mobil posted lower-than-expected quarterly profit as it failed to offset declining production but spent heavily to find fresh reserves. Imperial Oil’s Kearl oil sands project in northern Alberta produced less than half its capacity in the fourth quarter as harsh winter weather and equipment reliability problems hampered output. Services were led higher by Cameron International after it reporting earnings that beat ...

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