US equities are choppy, if mostly net higher. Meanwhile, WTIC is currently -2.3% in the mid $57s. The energy sector ETF of XLE is currently net lower for the week by -3.6% at $75.96.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $55.12, the lowest since Feb’2021. We’ve seen a bounce to the $57s… helped by the weaker dollar, and somewhat positive main market.
XLE: energy stocks break a new low… although the current candle is reversal, and leans bullish for Thursday.
notable stock: OXY
A new multi-year low.
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notable nuclear stock: SMR
Struggling… but $20 looks realistic with SPX 5700.
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Equities: sp’60min
Choppy, if net higher.