FRIDAY, SEPTEMBER 21, 2012

SECTOR COMMENTARY

The energy sector closed slightly higher, outpacing the broader equity markets which closed relatively flat after initially being boosted by the increasing hopes for a Spanish bailout request that would push Europe in the right direction towards solving its debt problems.  Every energy sub-sector enjoyed modest gains on the day with the exception of services, which were marginally lower.

Crude oil futures rose $0.47 or 0.51% to $92.89 after reports surfaced that Spain may be closer to seeking a bailout. Hopes that other central ...