Oil Prices and Energy Stocks Are Headed in Different Directions. What Gives?

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While hopes that inflation has peaked sparked gains in stocks and bonds, oil prices just bounced off their 2022 lows, hit by worries about slowing global growth eating into demand for fuel

The divergence has surprised some on Wall Street, as sputtering crude prices threaten to undermine producers’ profits

U.S. gas prices have been up and down throughout the year and now more uncertainty is on the horizon as a European Union embargo on Russian oil imports kicks in along with a price cap on crude out of Russia. WSJ explains how these moves could impact prices at the pump for Americans. Illustration: WSJ

 

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Big Oil has been GOUGING since the Pandemic

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