Energy: Energy is lagging the tape a bit as crude and natural gas both move from their highs following their storage reports, although the crude report looked constructive. Integrateds are mixed, but mostly higher as crude stays positive following the storage report. Services are mixed, with Gulf concerns continuing to weigh on gains. Drillers are almost all lower, led by NBR and RIG on drilling moratorium worries. Refiners are outperforming, moving higher on a jump in crack spreads. E&Ps are mixed as a greater than expected build in natural gas supplies sent the commodity down over 3.5% towards $4.40. Coals are notably lower, as reduced prices in natural gas weigh on the group. Shipping/tankers are mostly higher, outperforming on news that Maersk said demand for shipping has returned to pre-crisis levels. Solars are mostly higher amid little news other than the fact that Europe, their largest market, is higher on the day.
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