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Crude oil (XLE +0.5%) stages a partial rebound following last week's rout, aided by a weaker...

Crude oil (XLE +0.5%) stages a partial rebound following last week's rout, aided by a weaker dollar and a belief that the worst of the declines are over. Energy stocks, particularly oil services (OIH +1.4%), enjoy a bounce: HAL +1.7%, BHI +3.6%, NOV +1.8%, HP +2.1%, EOG +2.1%. Nymex crude +1.9% to $99/barrel.
Comments (1)
  • Dead cat bounce today. It should go to $85/barrel.
    9 May 2011, 10:28 AM Reply Like
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