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Afternoon plunge for oil

Published 06/21/2017, 01:36 PM
© Reuters.  Afternoon plunge for oil
US500
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SCO
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UCO
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IEO
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UHN
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DTO
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XOP
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XES
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HYG
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JNK
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XLE
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SZOXF
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BNO
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OILold
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OIL
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DBO
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USL
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USO
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DNO
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DWT
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UWT
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OLO_old
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UGA
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IEZ
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PXE
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GUSH
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DRIP
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UOP
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SOP
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NDP
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WTID_old
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WTIU_old
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OILX
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  • Oil had been hanging around modestly in the green for most of the session, but it's cracked back open in the last couple of hours, now down nearly 3% to a new low for the year of $42.26 per barrel.
  • That in turn is dragging down the energy sector (XLE -1.7%) once again. The S&P 500 is flat.
  • The smallest of cracks are beginning to appear in junk bonds, with HYG and JNK both down about 0.35% despite declining Treasury rates today.
  • Earlier, the EIA reported a bullish inventory number, with stocks dropping 400K barrels more than expected.
  • ETFs: USO, OIL, UWT, UCO, DWT, XOP, SCO, BNO, DBO, UGA, DTO, XES, USL, GUSH, IEO, DRIP, DNO, IEZ, PXE, NDP, OLO, SZO, UHN, OLEM, OILK, WTIU, SOP, UOP, OILX, WTID, USOI
  • Now read: Bad Time To Invest In Junk Bonds


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