Oil Prices are in Pig Heaven

The nascent oil price surge was initiated by last week’s surprise U.S. inventory draw. However, Tuesday evening, fresh data from the American Petroleum Institute (API) instead gave cause for concern. It portends trouble from the Energy Information Administration (EIA) data Wednesday, and probably some recall of capital from energy complex securities. Manic media that led frivolous hopes for meaningful result from the meeting of OPEC plus Russia in Doha is today reporting negatively about the potential. Oil prices are likely to sour now as its curious catalysts corrode. See the full story at Oil Sours as its Curious Catalysts Corrode.

Energy Relative Shares	April 13, 2016 Early Indication
SPDR S&P 500 (NYSE: SPY)	+0.5%
United States Oil (NYSE: USO)	-0.8%
iPath S&P GSCI Crude Oil (NYSE: OIL)	-1.3%
United States Natural Gas (NYSE: UNG)	-0.4%
Energy Select Sector SPDR (NYSE: XLE)	-0.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-1.1%
Market Vectors Oil Services (NYSE: OIH)	-0.5%
Exxon Mobil (NYSE: XOM)	-0.2%
Chevron (NYSE: CVX)	-0.1%
B.P. (NYSE: BP)	+1.3%
TOTAL S.A. (NYSE: TOT)	+1.3%
ConocoPhillips (NYSE: COP)	-1.0%
Schlumberger (NYSE: SLB)	-0.5%
Halliburton (NYSE: HAL)	+0.4%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).