1pm update – oil and energy

US equities are choppy. Meanwhile, WTIC is currently +2.6% in the mid $66s. The energy sector ETF of XLE is currently net higher for the week by  +2.1% at $85.13.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $66.78… with next natural resistance of psy’$70. Beyond that…

XLE: energy stocks are choppy… broadly flat. S/t vulnerable with the main market.

notable stock: OXY

Reflective of the sector.

notable nuclear stock: SMR

NuScale pulled upward by sister Oklo.

Equities: sp’60min

S/t momentum due to turn negative, as we’re prone to settling net lower… ahead of PPI-Thursday