1pm update – oil and energy

US equities are broadly higher. Meanwhile, WTIC is currently +1.1% in the mid $56s. The energy sector ETF of XLE is currently net lower for the week by -2.7% at $44.26.

USO daily

XLE weekly

Summary

WTIC/USO: oil is broadly higher, helped by the positive main market. Until >62s, I’d be open to psy’ $50.

XLE: energy stocks are moderately higher.

notable stock: OXY

Reflective of the sector.

notable nuclear stock: SMR

Higher with the semicons

Equities: sp’60min

We’re s/t cyclically on the high side, as the setup favours the bears into Monday.