At the time of publication the author had no position in any of the stocks mentioned. Follow @AndrewSachais This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Baker Hughes reports that of the 35 rigs brought online this week, 13 rigs were added in the oil-rich Permian Basin.
Otherwise, this is getting old fast.
Seven of the 11 S&P 500 Sector exchange-traded funds have year-to-date gains so far in 2017.
Check out the relationship between movement in the stock and the United States Oil ETF.