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Thomson Reuters: October 18 Energy Commentary

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October 18, 2012

THURSDAY, OCTOBER 18, 2012

SECTOR COMMENTARY

The energy sector outperformed the broader equity markets on the day, led higher by drillers, after executives from Diamond Offshore and Noble Corporation said that deep water oil rigs will be in high demand for years, while other drilling segments may end up being too well supplied. The services sector also outperformed, ahead of the Baker Hughes and Schlumberger earnings releases that are slated for tomorrow.

U.S. crude oil futures closed down by $0.02 or 0.02% to $92.10, while Brent was down over 0.7%, ...


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