USO/XLF

The USO is down big off of news that China will raise retail gas prices by 17%. Even though it is experiencing great downward pressure, the USO is still holding above its range low, has put in a lower high and is moving up from yesterdays lows. Financials are slightly weak again relative to the broad market. It'll be hard to sustain much (as has been the case today) with weak financials failing to participate.