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Thomson Reuters: May 29 Energy Commentary

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May 29, 2012

Energy stocks helped to lead the broader markets higher, along with materials and utilities, lifted by risk-taking on stimulus hopes in China and after Greek election polls pointed to support for pro-bailout parties.  Trading volume was light and stocks closed off the highs of the day. 

Within the oil and gas complex, the strongest gains were booked by the mid and small cap oil and natural gas producers followed by the oil service providers. Refiners were the lone detractors as the crack spreads narrowed. 

 

WTI crude oil fell $0.10 ...


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