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Thomson Reuters: Feb. 1 Energy Commentary

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February 1, 2013

SECTOR COMMENTARYEnergy stocks closed sharply higher, outperforming the broader equity markets which also posted strong gains as the Dow Jones Industrial Average closed above 14,000 for the first time since late 2007. Equity futures got a boost after the January employment report showed upward revisions to previous months. The refiners were the best-performing group, widening its year-to-date lead versus the other energy subgroups. The integrateds were the relative laggards as both ExxonMobil Corp. and Chevron reported earnings.WTI crude rose $0.28 or 0.29% to $97.77. Brent crude rose to a four-month ...


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