US equities remain leaning weak. Meanwhile, WTIC is currently +1.5% in the upper $69s. The energy sector ETF of XLE is currently net lower for the week by -0.2% at $90.12.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $70.35, if cooling back to the $69s… restrained by the weak main market, and the moderately stronger dollar. The threat shall remain a hyper spike upward.
XLE: energy stocks have seen early gains fade… mostly due to the main market.
notable stock: SLB
Fairing better than the sector. Last Friday’s earnings were fine.
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notable stock: XOM
Reflective of the sector. Cyclically low.
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Equities: sp’60min
Choppy weakness, with a reasonable spike floor from 5824.
S/t cyclically low.