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Thomson Reuters: September 6 Energy Commentary

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September 6, 2012

THURSDAY, SEPTEMBER 06, 2012

SECTOR COMMENTARY

The energy sector rose across the board, in-step with the broader markets as the S&P 500 reached a 4-year high. The bullish trading was driven by ECB President Mario Draghi’s announcement that policy makers agreed to an unlimited bond buying program as they try to regain control of interest rates in the euro zone. E&Ps led the way for the energy sector, with several companies experiencing gains in excess of 5% on the day.

Crude oil futures ended the day higher after an official ...


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