US equities are choppy, if mostly net lower. Meanwhile, WTIC is currently +1.9% in the mid $68s. The energy sector ETF of XLE is currently net higher for the week by +0.75% at $91.71.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $68.88, partly due to Syria, which will have implications across the middle east. Things only turn interesting for oil >$73.00.
XLE: energy stocks are battling to build broad daily gains. Since the spring, the sector has seen broad chop… restrained by subdued oil.
notable stock: OXY
Higher with the sector, but still m/t bearish. Bulls really need to clear the 200dma, to break the series of lower highs and lower lows.
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notable nuclear stock: SMR
Just s/t cooling from recent historic highs.
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Equities: sp’60min
Cyclically on the low side. The only threat is some sporadic ‘spooky news’, but the market clearly doesn’t much care for Syria.