1pm update – oil and energy

US equities are recovering, with the Nasdaq the first index to turn positive. Meanwhile, WTIC is currently +0.1% in the low $68s. The energy sector ETF of XLE is currently net higher for the week by +2.9% at $92.34.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $67.65, pressured by the weak main market, and the marginally positive dollar. … bouncing into the low $68s.

XLE: energy stocks are broadly lower, if still set for a second consecutive net weekly gain.

*I hold OXY and SMR, still looking to sell… preferably next week.

notable stock: OXY

Reflective of the sector.

notable nuclear stock: SMR

Lower with the main market.

Equities: sp’60min

Another bounce attempt.