WTI crude settles slightly lower
The S&P 500 is trading near session highs with a 0.5% gain. One last look at the S&P 500 sectors shows real estate (+2.6%), energy (+1.9%), utilities (+1.5%), and financials (+1.3%) sectors leading in gains. The health care sector (-0.9%) struggles in negative territory, while the information technology sector (+0.1%) clings onto a small gain. WTI crude futures settled down $0.21 (-0.6%) to $35.28/bbl. Related news included OPEC moving its production to June 4, and OPEC and its allies are close to extending oil production cuts by another two months.