A blog that covers Politics, finance, economics, and science. Perspective is conservative in the non-social sense, but not dogmatically so. Maintained by the Chief Technology Officer of a large Hedge Fund
Tuesday, July 5, 2011
Oil and Gas stocks...
...Lead the S&P 500 so far (which is down overall). 72% of stocks up in sector. With the Oil future rising to 96.5
If the Purpose of releasing Oil from the SPR was to reduce prices, it has not worked as WTI is not about a buck higher than it was the day before the announcement