Thomson Reuters: October 11 Energy Commentary
October 11, 2012
THURSDAY, OCTOBER 11, 2012
SECTOR COMMENTARY
The energy sector outperformed the broader equity markets today, with natural gas leveraged E&Ps leading the way, as natural gas prices hit a 10-month high after a bullish inventory report from the EIA showed that inventories rose much less than expected last week. The higher-beta drillers and services also saw strong gains, during the risk on day.
U.S. crude oil futures closed up $0.82 or 0.90% to $92.07, backed by bullish economic data and tension in the middle east and despite the weekly EIA ...
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