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Thomson Reuters: August 9 Energy Commentary

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August 9, 2012

THURSDAY, AUGUST 09, 2012

SECTOR COMMENTARY

Energy stocks closed mostly higher, while the broader markets were mixed in a choppy session as investors digested a better-than-expected jobless claims report against waning optimism over the ECB's willingness to tackle the region's debt crisis.

Oilfield service providers and drillers were the leaders, spurred by optimism after National-Oilwell Varco, the largest U.S. oilfield equipment maker, said it will buy Robbins & Myers Inc, an equipment manufacturer for the energy, industrial, pharma and chemical industries for $2.54 billion in cash, reflecting a 28% premium ...


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