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Thomson Reuters: July 31 Energy Commentary

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July 31, 2012

TUESDAY, JULY 31, 2012


Energy stocks ended mostly lower, following the broader markets as the indices continued to trade modestly lower after yesterday's small losses. The drillers and the oil services were the biggest losers, while the refiners bucked the negative trend and closed higher as Valero Energy increased 5% after reporting strong earnings and said it would spin-off its retail store unit.

W&T Offshore was another stock that rallied strongly, gaining 12%, after posting better-than-expected earnings. The company said that both production and pricing were strong. Additionally, ...

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