economy
March 9, 2026
Oil was last above $100 back in 2022. These were the best and worst stocks to own during that stretch
A handful of stocks put on a standout performance the last time oil prices surged over $100 a barrel.
TL;DR
- Oil prices have surpassed $119 per barrel due to increased tensions in the Middle East and disruptions to global energy supplies.
- Energy stocks are expected to lead the market, as they did when oil prices last crossed the $100 threshold in early 2022.
- During March-July 2022, four of the top five performing S&P 500 stocks were in the energy sector.
- Current leading energy stocks include Texas Pacific Land (up 87%), Valero Energy (up over 30%), Occidental Petroleum (up over 30%), and EQT (up nearly 16%).
- Worst performers in 2022 included consumer-focused companies like Carvana (down 26% year-to-date) and Royal Caribbean Group (down almost 1% year-to-date).
- Rising oil prices are a concern for travel stocks like Royal Caribbean due to potential increases in fuel costs.
Continue reading the original article