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Thomson Reuters: June 8 Energy Commentary

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June 8, 2012

Energy stocks finished mostly lower, but closed off their morning lows. Higher-beta subgroups such as the drillers and the oil services led the way on the downside, while the refiners bucked the negative trend by closing in the green as HollyFrontier Corp. registered a ~2.7% gain. Investors remained skittish ahead of the weekend as Spain is expected to request assistance for its troubled banks soon, European Central Bank Vice President Vitor Constancio said in remarks aired by Portugal's Radio Renascenca.

Both Brent and WTI crude prices fell, on the cusp ...


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