In the energy market Thursday, crude for July delivery retreated, closing at $126.62/barrel, down $4.41. June reformulated gasoline lost 5 cents, to $3.40/gallon.

Buyers of oil stocks today will suffer an enormous case of “buyer’s remorse” by this time next month.

The key to making money in oil stocks this year…Is to sell ‘em. That’s right. The editor of an oil-stock advisory is telling you to sell oil stocks. But before you decide I’m committing professional suicide, realize that selling is how you realize profits in any stock, aside from blue chips you plan on keeping forever.

After a long search yesterday, your editor in chief found the No. 1 way to lose money in stocks right now: betting against oil. The past few years have seen the rise of ETFs that allow speculators to make bets against sectors like energy, technology, and financials.

US stocks are steaming ahead  as Mr Market digests the news of a $5 billion injection for mortgage lender Washington Mutual.

Rising crude oil prices have also helped boost oil-sector stocks.

Dow Jones MarketWatch reports that the Dow Jones industrials were up 104 points to 12,713, with 24 of its 30 components moving higher, with financials leading the rise.

The papers today all carry the news that a whopping 81% of Americans, according to a New York Times/CBS News poll, believe that the US is on the wrong track — or to be precise, that “things have pretty seriously gotten off on the wrong track.”

But behind this headline is the finding that spiraling gas and oil prices are of more concern to Americans than the home mortgage crisis.

Gulf energy crisis boosts oil. Why has the oil price stayed above $100, when all other commodity classes have shown larger falls? The gold price has fallen significantly more than the oil price as the dollar gained ground in recent days. There appears to have been a decoupling of the dollar-oil movements that we saw through March.