1pm update – oil and energy

US equities remain in minor chop mode. Meanwhile, WTIC is currently +1.0% in the mid $81s. The energy sector ETF of XLE is currently net higher for the week by +1.7% at $90.58.

USO daily

XLE weekly

Summary

WTIC/USO: oil printed $82.04, if cooling back into the $81s. A push to 83/85 by the end of next week still looks probable.

XLE: energy stocks are broadly flat… mostly just churning with the main market.

notable stock: CVX

Reflective of the sector.
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notable stock: OXY

Moderately lower… if mostly just multi-day chop.
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Equities: sp’60min

Chop chop… chop…. and more chop.