Reply To: Traders Market Weekly: Consumers Along for The Ride

#33751
Truman
Participant

XLE Sector Briefing: Energy (68.27 -2.14)

Key factors driving today’s performance include:

Pullback in the best performing sector of the quarter despite a higher price of oil. WTI crude is up $0.33, or 0.4%, at $93.43/bbl after setting a fresh high for the year at $94.94/bbl. The energy sector has narrowed its Q1 gain to 22.7%.

Losses in all components of the sector with several names backtracking from 52-week highs.

Notable movers:

APA (APA 32.14, -2.00, -5.9%): weakest performer in the sector, falling to a three-week low.
Marathon Oil (MRO 21.13, -1.08, -4.9%): backpedaling from its best level since October 2018.
Occidental Petroleum (OXY 41.15, -1.83, -4.3%): slipping from a two-year high.
Pioneer Natural Resources (PXD 221.63, -9.26, -4.0%): returning to its opening level from Thursday.
Devon Energy (DVN 51.99, -2.12, -3.9%): surrendering Friday’s gain.
Diamondback Energy (FANG 130.42, -5.15, -3.8%): slipping from its best level since October 2018.
Halliburton (HAL 32.31, -1.21, -3.6%): slipping from its best level since November 2018.
Schlumberger (SLB 39.20, -1.42, -3.5%): surrendering Friday’s gain.
Phillips 66 (PSX 89.94, -3.29, -3.5%): slipping from its best level since June.
EOG Resources (EOG 112.82, -3.93, -3.3%): slipping from its best level since October 2018.
Exxon Mobil (XOM 77.80, -2.41, -3.0%): falling to its lowest level in nearly two weeks.
ConocoPhillips (COP 90.88, -2.64, -2.8%): falling to a one-week low.
Chevron (CVX 135.59, -3.22, -2.3%): surrendering Friday’s gain.
HollyFrontier (HFC 37.94, -0.68, -1.8%): best performer in the sector, trading in the upper half of Friday’s range.