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Thomson Reuters: October 15 Energy Commentary

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October 15, 2012

MONDAY, OCTOBER 15, 2012

SECTOR COMMENTARY

The energy sector ended the day mostly higher, with overall drillers and integrateds outperforming while refiners and E&Ps lagged on the day.

Brent crude futures rose approximately 0.9% while WTI crude futures slipped a modest $0.01 or 0.01% to close at $91.85, recovering from a roughly 1% decline earlier in the day after testing support near the 100-day moving average. Middle East turmoil and supportive economic data tempered price pressure from slowing economic growth and an offer from Iran to negotiate the halting of ...


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