Brian Sullivan: Oil rises slightly but remains $15 below levels from 2 weeks ago

Brian Sullivan: Oil rises slightly but remains $15 below levels from 2 weeks ago
Oil up but $15 below recent highs

Brian Sullivan reports that oil prices are moving up slightly on a recent headline. However, he observes that oil remains about $15 below its value from two weeks ago and even from two months ago.

Earlier this month, Brian Sullivan highlighted a session where stocks moved higher while oil prices declined, leading to new records for market indices (story). Days prior, he reported that markets reached record highs as the Dow surpassed 50,000 and the CBRS IPO ranked among the largest on record (details). The recent rebound in oil follows these reports of strong equity performance alongside softer energy prices.

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