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Thomson Reuters: August 8 Energy Commentary

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August 8, 2012

WEDNESDAY, AUGUST 08, 2012

SECTOR COMMENTARY

The energy space finished the day mixed with integrateds and refiners witnessing gains while services and drillers closed lower as investors awaited further action from central banks. Shares of ION Geophysical witnessed a 9% gain to close higher after reporting second-quarter earnings that beat estimates and margins improved significantly, driven by the solutions segment which benefited from data processing revenue growth and improved sales from a more profitable mix of data libraries.WTI crude oil closed at $93.35 down $0.32 or 0.34% after jumping to ...


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