NYSE trader: Today's crude oil rally is a dead cat bounce

In this article:

Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as crude rallies over 2% following a near 10% drop over two weeks. Here's the performance of S&P 500 energy sector stocks as of 1:30 pm ET: ANDV Andeavor 2.59% APA Apache Corp 3.92% APC Anadarko Petro 5.05% BHGE Baker Hughes a GE Co Cl A 3.18% CHK Chesapeake Energy Corp 5.61% COG Cabot Oil & Gas Corp 3.17% COP ConocoPhillips 4.55% CVX Chevron Corporation 3.42% CXO Concho Resources Inc 3.03% DVN Devon Energy 3.33% EOG EOG Resources 3.10% EQT EQT Corporation 3.07% FTI TechnipFMC plc 4.27% HAL Halliburton Co 1.81% HES Hess Corporation 3.80% HP Helmerich & Payne 2.88% MPC Marathon Petro Corp 3.25% MRO Marathon Oil Corp 4.59% NBL Noble Energy 3.99% NFX Newfield Exploration 6.13% NOV National Oilwell Varco Inc 2.54% OKE Oneok Inc 2.68% OXY Occidental Petro 3.20% PSX Phillips 66 2.40% PXD Pioneer Natural Resources 3.85% RRC Range Resources 3.87% SLB Schlumberger Ltd 2.50% VLO Valero Energy 2.66% WMB Williams Companies 1.82% XEC Cimarex Energy 4.84% XOM Exxon Mobil 3.98%

Advertisement