US equities remain broadly higher. Meanwhile, WTIC is currently -2.0% in the upper $58s. The energy sector ETF of XLE is currently net higher for the week by +2.6% at $47.90.
USO daily
XLE weekly
Summary
WTIC/USO: oil has cooled to $58.76… largely on Trump comments that appear to offer an ‘off-ramp’ to the Iranian regime. M/t bearish oil unless >63.00
XLE: energy stocks have recovered from early downside to broadly flat.
notable stock: XOM
Reflective of the sector.
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notable nuclear stock: SMR
The bold will be buying on every cooling wave.
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Equities: sp’60min
Choppy, if still clawing upward.