1pm update – oil and energy

US equities remain a little choppy. Meanwhile, WTIC is currently +1.4% in the $81s. The energy sector ETF of XLE is currently net lower for the week by -0.6% at $86.13.

USO 60min

XLE weekly

Summary

WTIC/USO: oil printed $82.24… if rather stuck. S/t bearish USO unless >79s. I’m leaving oil well alone.

XLE: energy stocks are choppy, if leaning on the weaker side.

notable stock: OXY

Earnings due Tues’ AH should be good.
Broadly… the stock remains a m/t chop fest.

Equities: sp’60min

The minor chop continues. With s/t momentum having turned negative, we should settle net lower, if only a little.