Did Dow Jones & Co. Call the Intermediate Top in the Oil Biz.?

Immediate and short term, probably yes; long term, nah.
The news (CNBC video) that T. Boone Pickens was looking for a downtick in oil & natural gas got me thinking about the addition of Chevron to the DJIA on Feb. 19. First a look at the XOI components. I'll be back in a bit.

Symbol Name Last Trade Change Volume APC ANADARKO PETROLEUM 61.03 10:31AM ET 0.81 (1.31%) 1,633,463 BP BP PLC 64.97 10:32AM ET 1.09 (1.65%) 1,447,489 COP CONOCOPHILLIPS 80.12 10:32AM ET 1.01 (1.24%) 2,014,807 CVX CHEVRON CORP 84.89 10:32AM ET 1.45 (1.68%) 2,952,011 HES HESS CP 93.47 10:32AM ET 0.94 (1.00%) 789,798 MRO MARATHON OIL CORP 51.38 10:31AM ET 1.38 (2.62%) 1,287,473 OXY OCCIDENTAL PET 74.36 10:32AM ET 1.79 (2.35%) 1,276,211 REP REPSOL YPF S.A. 32.85 10:57AM ET 0.15 (0.45%) 91,700 SUN SUNOCO INC 64.50 10:31AM ET 0.27 (0.42%) 867,273 TOT TOTAL S.A. 73.82 10:31AM ET 0.44 (0.59%) 412,920 VLO VALERO ENERGY CP 60.22 10:32AM ET 1.22 (1.99%) 1,506,011 XOM EXXON MOBIL CP 86.89 10:32AM ET 1.21 (1.37%) 6,850,529

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