US equities have seen gains fully erode. Meanwhile, WTIC is currently -0.5% in the low $81s. The energy sector ETF of XLE is currently net higher for the week by +2.9% at $91.60.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $82.72, if cooling back to the low $81s. Net weekly gain of around +1.0%. Net monthly gain of around +5.8%.
XLE: energy stocks are battling to build sig’ gains. Last week does appear to be key low. Bullish for July.
notable stock: CVX
Higher with the sector.
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notable stock: OXY
Leading the sector upward. Soft target $65s.
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Equities: sp’60min
A cooling wave to turn fractionally lower. S/t momentum might turn negative into the close. Still… with a new hist’ high of 5523, it has to be seen as a net bullish day/week.