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Thomson Reuters: September 12 Energy Commentary

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September 12, 2012

WEDNESDAY, SEPTEMBER 12, 2012

SECTOR COMMENTARY

The energy space closed higher in choppy trading as investors looked ahead to the Federal Reserve’s two-day policy meeting. Energy stocks were led by refiners after the subsector reached a new high on widening crack spreads. Natural gas levered E&P companies were higher after a rise natural gas futures. Shares of Chesapeake Energy fell over 1 percent on the day after the natural-gas producer said it entered into multiple agreements to sell most of its Permian properties and substantially all of its midstream assets ...


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