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Thomson Reuters: September 28 Energy Commentary

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September 28, 2012

FRIDAY, SEPTEMBER 28, 2012

SECTOR COMMENTARY

Energy stocks closed lower, tracking the major equity indices as sentiment soured after a poor reading on manufacturing activity in the Chicago area. The size of the decline caught economists by surprise, which actually showed an outright contraction in activity. However, stocks closed off the worst levels of the day after the results of the Spanish bank stress tests hit the wires. Most subgroups closed lower with the exception of the refiners, which finished in slight positive territory.   

WTI crude oil rose $0.34 ...


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