???

[mkarpoff]

Twice in the last week the mkt was up, oil was up (slightly), but many of our energy stocks are down. I just don't get that.

[TexAg82]

It is called profit taking, especially as many of these stocks have likely run a little too far too fast. Some are also anticipating at least a short term pullback in crude prices as some of the supply disruptions such as Canada are alleviated.

[dan_s]

Brexit and concerns over how fast the Canadian oil will come back on-line has traders a bit concerned.

U.S. oil production is expected to decline by approximately 150,000 barrels per day month after month in the 3rd quarter. From June 30 to December 30 U.S. production is expected to decline by 700,000 to 900,000 barrels per day.

Global demand for refined products will increase by 1,200,000 to 1,500,000 barrels per day from June 30 to December 31.

For short periods, share price movements often cannot be logically explained.