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Thomson Reuters: September 7 Energy Commentary

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September 7, 2012

FRIDAY, SEPTEMBER 07, 2012

SECTOR COMMENTARY

Energy stocks outperformed the broader markets, with each subgroup ending with gains that were better than 1%.  The services, E&Ps, and refiners led the way on the upside, while the drillers were relative underperformers. The equity markets lacked direction after another weak jobs report sapped bullishness before the opening bell.

Oil prices rose in volatile trading after a disappointing U.S. August jobs report weakened the dollar and bolstered expectations for stimulus from the U.S. Federal Reserve, even while denting the outlook for petroleum demand. ...


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