1pm update – oil and energy

US equities are very significantly lower. Meanwhile, WTIC is currently +1.0% in the $106s. The energy sector ETF of XLE is currently net higher for the week by +3cents at $76.23.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $107.99, partly helped by the cooler dollar. Set for a net monthly gain of around +6.0%.

XLE: energy stocks broadly flat for the week and the month. The main market is pinning them back… whilst oil climbs.

notable stock: OXY

The sector leader is weak with the main market. Much like XLE… broadly flat for the month.

Equities: sp’60min

A new intraday low. The Wed’ low isn’t far away.