The crude-oil rally of 2022 has flamed out. Still, these investors expect more gains for oil and gas stocks
The disconnect between gains in energy stocks and the slump in crude oil prices suggests that something has to give. Energy market analysts say oil prices are more likely to rise than stocks are to fall. Energy stocks hit a 2022 high in mid-November, even as WTI crude (CL) has gradually sunk 40% since June.