Leaning on crude, Dow up 20 points.

The market will pay close attention to the price of oil when it reaches extremes.

Otherwise, there is little cooralation between oil and the market, imho.
 
Quote from areyoukidding?:

the market likes a little inflation and energy is now 20-25% of the averages to boot. look at the ftse its all oil and mining.
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Wrong again my friend.
Energy issues make up 10.4% of the S&P 500 index.

This is up from 7.4% of a year ago, and the current weighting is the highest for the energy sector since 1993.

Perhaps you should do some homework before you make a post on ET. You might actually learn something and in the process post correct information as statements of FACT for a change.
 
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