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Thomson Reuters: October 4 Energy Commentary

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October 4, 2012

THURSDAY, OCTOBER 04, 2012

SECTOR COMMENTARY

The energy sector rose today with the broader markets after weekly data offered a positive read on the U.S. labor market a day before the September jobs report. Each energy sub-sector was higher on the day, led by drillers and refiners.

Crude oil futures closed up $3.57 or 4.05% to $91.71, after ECB President Mario Draghi restated that the central bank was ready to start purchasing the debt of troubled euro zone states earlier in the day, despite his bearish growth comments. Growing concerns ...


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