Oil Prices will Fly to New High

Oil prices are rising along with other risky assets as a key risk appears to be coming off the table. With the Fed cleared away (for now) and with Brexit seemingly about to be resolved favorably, oil prices have been freed to fly. Crude also continues to benefit from seasonal favor, though higher prices could eventually draw new supply action from our competitors to the east. As discussed in my last article on that issue, oil should retrace highs near-term nonetheless. See the whole story at Oil Prices are Free to Fly.

Energy Complex	AM Indication
SPDR S&P 500 (NYSE: SPY) for comparison	+0.1%
United States Oil (NYSE: USO)	+0.8%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+1.6%
Energy Select Sector SPDR (NYSE: XLE)	+0.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	+1.6%
VanEck Vectors Oil Services (NYSE: OIH)	+0.3%
Exxon Mobil (NYSE: XOM)	+0.1%
Chevron (NYSE: CVX)	+0.1%
BP p.l.c. (NYSE: BP)	+0.9%
Total S.A. (NYSE: TOT)	+0.0%
ConocoPhillips (NYSE: COP)	+0.5%
Royal Dutch Shell plc (NYSE: RDS-A)	+0.6%
Marathon Oil (NYSE: MRO)	+2.1%
Pioneer Natural Resources (NYSE: PXD)	+0.3%
Chesapeake Energy (NYSE: CHK)	+1.7%
Schlumberger (NYSE: SLB)	+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).