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Thomson Reuters: September 21 Energy Commentary

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September 21, 2012

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 ...


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