Diamonds and Dogs
Upgrade for oil stocks. Devon Energy (DVN) rose 6% while Pioneer Natural Resources (PXD) rose 3% on upgrades. Bank of America is forecasting the possibility of $100 oil next year.
Cryptocurrency/bitcoin-exposed names are sharply lower on reports that Chinese authorities are furthering a crackdown on crypto mining by not allowing energy companies to provide energy to bitcoin mining while a number of Chinese banks were ordered to curb trading in bitcoin.
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