Acorde a la información emitida por la Agencia MarketWatch , encontramos el dia de hoy un positivo comportamiento en los indices de la energia en Estados Unidos. Para el sector de servicios son datos relevantes, si consideramos la cierta incertidumbre que se tenia por lo que pudiera ocasionar el Huracan Dean al transitar por el Golfo de México. Empero, el saldo es halagüeño y por ello estos dias la apuesta por los valores de la energia continuan con un prudente pero solido comportamiento, de seguir asi el resto del dia cerrarán los indices con una sonrisa para quienes apuestan por el sector de servicios petroleros, en una semana que inicio con focos amarillos.|by Manuel Torres Laveaga|
Sector rises on firmer crude, housing data
Energy stocks built on recent gains Friday, drawing strength from rising prices in the underlying crude-oil market and from a rare batch of positive data on the state of the beleaguered U.S. housing market. Early action sent the Amex Oil Index (XOI: 1,345.70, +23.69, +1.8%) 1.4% higher to 1,341 points.
The sector benchmark rode gains of 1.3% in the October crude futures contract to $70.77 a barrel in New York. The avance in gasoline futures was even steeper, up 1.7%.
Energy stocks also took comfort from a larger-than-expected 2.8% increase in sales of new homes during July as well as a big 5.9% jump in durable-goods orders, helping ease mounting concerns over the constricting U.S. credit market.
If Friday's gain hold, the Amex Oil Index will chalk up a full-week advance of nearly 3%. Meanwhile, the Philadelphia Oil Service Index ($OSX: 266.17, +4.09, +1.6%) also continued to build on Thursday's solid rally, adding another 1.4% to its gains to touch the 266-level, though some analysts were still looking for more investor conviction before declaring that a turn higher is at hand.
"Energy continues to pop off the bottom, but the rally feels halfhearted. Not sure if we'd call it 'real' buying or just light-volume, late-summer dabbling while waiting for broad market to sort itself out," energy analyst Dan Pickering at Tudor Pickering in Houston wrote in a pre-market note.
"Energy continues to pop off the bottom, but the rally feels halfhearted. Not sure if we'd call it 'real' buying or just light-volume, late-summer dabbling while waiting for broad market to sort itself out," energy analyst Dan Pickering at Tudor Pickering in Houston wrote in a pre-market note.
As for his preferred sector, Pickering said: "E&P remains more attractive to us than oil service." The Amex Natural Gas Index (XNG:481.82, +3.62, +0.8%) was up 0.9% at 482.5 points.
Among individual shares, Valero Energy Corp. (VLO:67.96, +1.68, +2.5%) was the leading percentage gainer in the oil group, up 1.6% at $67.35, again reflecting views that independent refiners stand to benefit from the recent drawdown in U.S. gasoline supplies and the switchover to autumn fuel blends.
Offsetting this view is the fact that the summer driving season is drawing to a close. After Labor Day weekend, gasoline demand typically drops off and the energy market turns its attention to fall refinery maintenance and the rush to build up inventories of heating oil ahead of winter.
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