1pm update – oil and energy

US equities remain very significantly higher. Meanwhile, WTIC is currently +1.1% in the low $69s. The energy sector ETF of XLE is currently net higher for the week by +1.1% at $92.81.

USO daily

XLE weekly

Summary

WTIC/USO: oil prints $69.23, largely helped by the positive main market. Broadly… bullish >80. Bearish <65. I lean to the former… on geo-political grounds.

XLE: energy stocks are very significantly higher with the main market.

notable stock: OXY

UBS, neutral, 56>52… is restraining this one today.

notable nuclear stock: OKLO

Oklo has earnings in AH. The l/t outlook should be distinctly positive.

notable nuclear stock: SMR

If the market ramps Oklo… SMR should follow.

Equities: sp’60min

Ongoing price action is just bullish consolidation.
Green gap is clearly due.