Crude Jumping Higher (USO, XOM, CVX, OXY)

Crude oil is moving sharply higher this morning, gaining $1.25 to $103.16 per barrel, and the equity markets are slightly lower as a result, with the Nasdaq being the worst index, down 5 points, a loss of 0.2%.

Based off yesterday's action, and barring a spike or plunge in crude, today should be a pretty tame day. Traders can start trades in crude derivative plays, such as ETFs or oil related names.

Some names to consider if you believe the above thesis are United States Oil Fund LP ETF USO, Exxon Mobil XOM, Chevron CVX and Occidental Petroleum OXY.