Oil Prices are Heading Back to $50

USO Chart at Fidelity

Oil prices took a hit after the release of the Federal Open Market Committee (FOMC) meeting minutes and they opened even lower on Thursday. Indeed, the Fed is not your friend if you are long oil, given dollar and economic repercussions, but there is no need to dawn crash helmets just yet. This impact to oil prices is temporary, as sector dynamics demand it and the economy continues to show improvement. See the whole story at Oil Prices are Going Back to $50.

Energy Relative Shares	05-19-16 Intraday
SPDR S&P 500 (NYSE: SPY)	-0.4%
United States Oil (NYSE: USO)	+0.7%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+0.6%
United States Natural Gas (NYSE: UNG)	+2.5%
Energy Select Sector SPDR (NYSE: XLE)	-0.1%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	-0.6%
Market Vectors Oil Services (NYSE: OIH)	-0.5%
Exxon Mobil (NYSE: XOM)	+0.4%
Chevron (NYSE: CVX)	-0.2%
B.P. (NYSE: BP)	-0.3%
TOTAL S.A. (NYSE: TOT)	-0.8%
ConocoPhillips (NYSE: COP)	+0.1%
Phillips 66 (NYSE: PSX)	-0.8%
Occidental Petroleum (NYSE: OXY)	-0.0%
Schlumberger (NYSE: SLB)	+1.4%
Weatherford Int’l (NYSE: WFT)	-4.2%
Halliburton (NYSE: HAL)	-0.1%

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).