Oil continues to rally but oil stocks run out of fuel and tech stocks drag down S&P

After yesterday’s surprise agreement to cut production from OPEC, oil prices have continued to climb–West Texas Intermediate was up 3.07% to $50.96 as of 3:15 p.m. New York time this afternoon–but oil producer stocks have stalled with such leaders from yesterday as Pioneer Natural Resources (PXD) down 0.84%, Parsley Energy off 1%, and RSP Permian (RSPP) lower by 1.46%.

At least IBM didn’t cut guidance today

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