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Thomson Reuters: Jan. 8 Energy Commentary

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January 8, 2013

SECTOR COMMENTARYEnergy stocks fell in line with the broader markets, which were weighed down by telecommunications and industrial shares, as investors awaited the start of the corporate earnings season.  Refiners were the lone outperformers ahead of the Deutsche Bank refinery conference in Boston later this week.  Oil services stocks were the laggards amid a barrage of negative comments from several sell-side analysts about the group’s prospects for 2013.  Several stocks saw ratings and price target reductions.  The EIA reported that U.S. crude oil production is expected to rise by the ...


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