All About Oil

Good morning. It's all about oil as yet another new record is set and we have little market moving news to focus on beyond that headline. Premarket futures suggest a slightly lower open.

Premarket gainers: SOLF, ADLR, IDEV, OMNI, ROYL, DY, INTU, OCNF, QTWW, PRGN, CPSL, TWX, EGLE, QGEN, DNDN, DRYS, CSIQ, CSUN, ACGY, AKNS, ESLR, SBLK, & TWB.

Premarket losers: PEIX, UAUA, RRGB, XING, ADI, LTXX, CCL, PCX, UBS, NETC, SBUX, & HPQ.

At 10:30AM we have the latest energy inventories report and at 2:PM the Fed minutes. Both will be market movers since there's not much else out there to chew on. That said, today should help us understand how motivated the sellers are in the face of higher oil prices given the weakness we've seen so far this week.

Have a wonderful Wednesday!