Oil Is Starting To Move -- Bear Trap? Or Real? July 11, 2023

Locator: 45084WTI.

WTI: at $74.81, is up 2.5%; up $1.82 and trending toward $75.

• Bakken proxy: $78.90.

E&Ps moving;

• PSX: up 0.7%; trading at $101.
• CVX: up 1.53%; trading at $158.
• COP: up 2.8% -- whoo-ho -- trading t $107|
• DVN: up an astounding 3.1%; trading at $51; pays 8.9% but for those who bought earlier, pays over 9%;
• SRE: up 0.8%; trading at $145; the 52-week high, $176, pays 3.3%
• OKE: up a nice 1.7%; is the MMP deal getting closer?
• BRK: trading near its 52-week high
  

Among EVs:

• FSR (Fisker): down 3%; trading at $6.82.