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Thomson Reuters: October 12 Energy Commentary

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October 12, 2012

FRIDAY, OCTOBER 12, 2012

SECTOR COMMENTARY

Energy stocks closed mostly lower as an early equity rally faded in the afternoon due to renewed concerns over the Spanish debt crisis. All major subgroups closed lower with the exception of the drillers while refiners led the way lower, continuing their recent slide.

WTI crude closed lower by $0.21 or 0.23% to $91.86, as the International Energy Agency's prediction of a further decline in oil consumption and higher supplies weighed on oil prices. Brent crude saw steeper lows, as investors took profits in ...


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