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Thomson Reuters: September 27 Energy Commentary

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September 27, 2012

THURSDAY, SEPTEMBER 27, 2012

SECTOR COMMENTARY

Energy stocks lead the broader markets higher today after Spain detailed an austerity plan focused on spending cuts instead of tax hikes, and as better than expected U.S. jobs data outweighed a lower than expected final second quarter GDP reading and underwhelming durable goods data. All energy sub-sectors were up on the day led by refiners and E&Ps, which both posting an over 2% gains.

In sector news, Transocean lagged the peer group and ended the day lower following news that it was served ...


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