June Oil Outlook – Negative Bias Developing

As we progress into June, the outlook for oil may be taking on a negative bias. Oil has been stuck in a tight range recently while flirting with the $50 mark over the last several weeks. Sector dynamics including supply disruption and the onset of the summer driving season in North America have helped. On the other hand, a recently strengthening dollar and OPEC disengagement have hampered any further upside gains. Things are changing in June, though, and while some things are changing for the better, it seems many fresh developments could shift the bias of the price of oil to negative. See the whole story at June Oil Price Outlook - A Negative Bias Developing.

Energy Relative Shares	Since February 11 Close
SPDR S&P 500 (NYSE: SPY)	+13.3%
United States Oil (NYSE: USO)	+42%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+42%
United States Natural Gas (NYSE: UNG)	+0.3%
Energy Select Sector SPDR (NYSE: XLE)	+21%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	+45%
Market Vectors Oil Services (NYSE: OIH)	+24%
Exxon Mobil (NYSE: XOM)	+10%
Chevron (NYSE: CVX)	+21%
B.P. (NYSE: BP)	+12%
ConocoPhillips (NYSE: COP)	+35%
Phillips 66 (NYSE: PSX)	+7.4%
Occidental Petroleum (NYSE: OXY)	+13%
Schlumberger (NYSE: SLB)	+8.3%
Halliburton (NYSE: HAL)	+49%
Chesapeake Energy (NYSE: CHK)	157%
Pioneer Natural Resources (NYSE: PXD)	+39%

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).