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NASDAQ OMX: January 7 Energy Commentary

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Thomson Reuters
January 7, 2014


Energy stock climbed in concert with the broader markets which rebounded from three consecutive days of losses as investors looked optimistically to this Friday’s jobs report.  Refiners and integrateds paced the sector as gasoline prices gained more than 1% as the extreme cold weather triggered a handful of refinery glitches that curtailed supply and as the widespread freezing conditions bolstered heating fuel demand.However, oil services and drillers experienced some pressure following several downgrades and estimate reductions.  Shares of Key Energy was the primary detractor with shares falling more ...

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