TUESDAY, OCTOBER 09, 2012
The energy space outperformed the broader equity markets for a second straight day as drillers, notably offshore names, led the way. The laggards were integrateds and refiners, which fell on compressed crack spreads as crude prices gained and gasoline prices slid in parts of the country.
WTI gained $3.06 or 3.43% to $92.39, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East. Meanwhile, however, the International ...