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NASDAQ OMX: January 31 Energy Commentary

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Thomson Reuters
January 31, 2014

SECTOR COMMENTARY

Oil and gas stocks closed broadly lower, tracking broader equity indices which ended a volatile week on a down note. The integrateds were the biggest losers on the day as Chevron fell over 4% after revenues came in well short of estimates. Elsewhere in sector news, National Oilwell Varco bucked the market trend and rallied after posting strong results which were helped by strong demand for its services that prepare oil and gas wells for production.WTI crude oil futures closed lower by $0.74 or $0.75% to $97.49, outperforming ...


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