Thomson Reuters: September 10 Energy Commentary
September 10, 2012
Monday, September 10, 2012
SECTOR COMMENTARY
The energy sector ended a volatile day of trading mostly lower on relatively light volume, selling off into the close as investors were reluctant to continue to bid up equities at multi-year highs following a slew of weak economic readings overseas and after Friday’s market-wide rally. Refiners continued to buck the trend and posted a slight gain on the day due to another rise in crack spreads while services and drillers fared best throughout the trading day with investors continuing to take on riskier ...
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