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Thomson Reuters June 22 Energy Commentary

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June 22, 2012


Energy stocks ended the week on a bullish note, following the broader markets higher. The E&Ps and refiners led the sector higher, while the services group lagged and finished in negative territory. The broader markets staged a partial comeback after yesterday's rout due to disappointment that the Fed was not more emphatic in providing further stimulus. Bank stocks also ended higher, shrugging off a Moody's Investor Services downgrade of 15 large global banks.

Brent oil futures rose above $91 a barrel, rebounding from an 18-month low, but remained ...

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