1pm update – oil and energy

US equities remain choppy, leaning weak. Meanwhile, WTIC is currently -0.7% in the upper $68s. The energy sector ETF of XLE is currently net higher for the week by +1.2% at $95.88.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $69.96… if cooling back a little, pressured by the stronger dollar.

XLE: energy stocks are moderately higher, fairing distinctly better than the weak main market.

notable stock: OXY

Reflective of the sector
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notable nuclear stock: SMR

Reflective of the sector, as the more speculative stocks are getting whacked lower. S/t very over-stretched, due to cool into next week.
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Equities: sp’60min

Choppy, if still set for net declines.
The s/t cyclical setup will favour the bears into Thurs’