Locator: 51376ARCHIVES.
The market: shares of integrated oil companies went much higher than one might expect from the price of WTI alone. This tells me the integrated oil companies finally realize that the strait is not going to open any time soon and that the price of WTI won't return to lower prices for quite some time. These are incredible jumps in the price of shares for integrated oil companies and they are not yet at their 52-week highs in most case. The overall market is barely down -- practically flat -- which means the "oils" are keeping many portfolios on the "green side." Energy sector gains more than 4%.
WTI: $81.87.
Goldman Sachs: the market is strong and it's only going to get stronger. More tailwinds than headwinds.
