US equities are broadly higher. Meanwhile, WTIC is currently +0.9% in the low $78s. The energy sector ETF of XLE is currently net lower for the week by -0.8% at $91.65.
USO daily
XLE weekly
Summary
WTIC/USO: oil swung from $76.04 to $78.28, largely helped by the upside reversal in equities. Soft resistance remains 84/85.
XLE: energy stocks saw early weakness, but set for very sig’ daily gains.
notable stock: OXY
Reflective of the sector. Early weakness, but a strong upside reversal.
Bullish engulfing candle.
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notable stock: VLO
Bullish engulfing candle.
EPS $2.71 vs 2.60est. Rev’ y/y -0.1% to $34.5bn vs 33.0est. Broadly good.
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Equities: sp’60min
Set for net daily gains of some degree. S/t momentum due to turn positive, as green gap might be tagged before the close!