Cvx futures opened slightly lower at $157

CVX futures opened slightly lower at $157.65 but pivoted higher after midday energy sector ETF inflows. Sector correlation remains strong, with beta levels against XLE at 1.02 over the past month. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index.Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release. This article Chevron Achieves Record Production, Sees Future Growth After Hess Deal originally appeared on Benzinga.com Technical support holds firm at $155.80, with RSI levels near 54, indicating a balanced momentum profile.