Energy Week

Crude oil appears to have topped. Natural gas looks stronger with Europe bidding up U.S. supplies. An explosion to $10 may still be in the cards. Energy service stocks look strong. That all said, I was expecting crude would act as a giant millstone around the sector going forward. Instead, Russia has interrupted markets again with a gas cutoff: Gazprom Halts Gas Shipments To Europe Via Critical Pipeline

I have had puts on USO for a little over a week. They expire in May. I still plan on holding them here on Sunday, but will have to see how this week develops.