Sentiment remains generally negative as stocks continue to trade in
the red. Although, the Dow has pulled up approximately 200 points from
its early low.
Oil futures are trading higher after a concerted selling effort in the
prior session. They are currently indicated up more than 2% to around
$71.50 per barrel. Week-to-date, though, oil futures are down nearly
8%.
Energy has actually traded inversely to oil in recent sessions. Oil
slid in the prior session, but energy stocks zoomed to close almost 8%
higer. Though oil is up today, energy is down 0.9%.