Monday, September 24, 2012
The energy sector ended the day mostly lower on lighter-than-average volumes, in line with broader equity markets, while the underlying commodities extended their trends lower. The higher-beta spaces continued to see the steepest declines, with drillers leading the way, while the large cap integrateds bucked the trend and were mixed.
Several of the S&P Energy indices felt slight relief today from investors purchasing some of the quarter's better performers. Increased concerns over prospects for global economic growth, little sector developments, weakness in commodities and ...