- Energy stocks lead the market higher as crude oil extends its breakout to the highest level in more than three years following bullish inventory data, as the U.S. reports a 1.1M-barrel drop in the week to April 13; WTI now +2.3% at $68.07/bbl and Brent +2% at $73.01/bbl.
- "It's a bullish report with the across-the-board drawdowns in everything," says John Kilduff of energy hedge fund Again Capital, noting "summer-like demand for gasoline."
- Several energy stocks are posting 52-week highs, including CPE +3.3%, APC +2%, HES +2%, WLL +1.8%, WPX +1.8%, SRCI +1.6%, VLO +1.5%, RSPP +1.4%, PBF +1.4%, PSX +1.4%, VNOM +1.3%, SU +1.1%, HFC +1.1%, MPC +1.1%.
- Among other energy leaders: CRZO +6.4%, OAS +5.9%, NFX +4.1%, MUR +3.6%, CPG +3.6%, FET +3.5%, SM +3.4%, NBL +3.4%, DVN +3.3%, XOG +3.3%, CVE +3.3%, XEC +3.3%, APA +2.6%, BTU +2.5%, QEP +2.1%, ECA +2%, RRC +2%.
- ETFs: XLE, VDE, XOP, ERX, OIH, GASL, FCG, XES, ERY, DIG, BGR, GUSH, FENY, IYE, DUG, DRIP, IEO, FIF, GASX, IEZ, NDP, PXE, PXI, RYE, PSCE, PXJ, CRAK, FXN, DDG, NANR, XE, FTXN, JHME, ERYY, ERGF