US equities are a little choppy. Meanwhile, WTIC is currently +0.6% in the $71s. The energy sector ETF of XLE is currently net higher for the week by +2.1% at $81.55.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the 70/71s. Set for a net weekly decline of around -0.8%. Broadly choppy since early May, pinned back by the dollar.
XLE: energy stocks are choppy with the main market, if set for a net weekly gain of around +2.0%, which is pretty good considering oil. The sector remains m/t broken.
notable stock: OXY
A little laggy to the sector.
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Equities: sp’60min
Chop chop… and even if we settle net lower, it makes little difference, after the earlier new multi-month high.