Thomson Reuters Energy Commentary: Sept. 11
September 11, 2012
Energy stocks led the broader markets to near multi-year highs as the dollar fell and oil rose ahead of the expected announcement of more monetary action from the Fed on Thursday. The sector experienced broad-based gains, and was led by the refiners and oilfield service providers, followed closely by E&Ps. E&Ps were led by the mid-cap gas-levered names corresponding to a rally in the underlying commodity. Amid the risk-on positioning, MLPs faltered.
WTI gained $0.63 or 0.65% to $97.17 as expectations that the U.S. Federal Reserve this week will provide ...
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