US equities remain moderately higher. Meanwhile, WTIC is currently +1.0% in the $45s. The energy sector ETF of XLE is currently net higher for the week by +3.4% in the $40.25s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $46.68, helped by the positive main market, and a fractionally cooler dollar. The door remains wide open to psy’50, and secondary of the 52s.
XLE: energy stocks set for a FIFTH consecutive net weekly gain. Soft target remain the June $45s.
notable stock: XOM
Exxon powering upward with the sector. Soft target is psy’50, and then the June $53s. The bolder will lean to oil/gas serv’, such as SLB or COP.
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Equities: sp’60min
Price action remains moderately positive. The 2pm hour will offer a ceiling/turn, with a little cooling into the weekend.