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Thomson Reuters: March 18 Energy Commentary

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March 18, 2013

Energy stocks finished the day lower, underperforming the broader markets, led to the downside by equipment services and drillers, while refiners outperformed on the day after last week’s underperformance. Within the services group shares of Schlumberger fell 4% after the company warned on Monday while presenting at the Howard Weil Conference that North American activity was coming in lower-than- expected in the first quarter, as fewer rigs were going back to work than it had expected.

 

WTI crude closed at $93.74 up $0.29 or 0.31%, recovering from the lows ...


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