economy
March 2, 2026
Energy set up for volatility near term but is turning the corner long term, says Katie Stockton
Long-term large-cap energy outlook remains bullish, supported by higher WTI crude oil. But the surge in BKR and XOM makes short-term charts look stretched.
TL;DR
- Long-term outlook for large-cap energy stocks is bullish.
- Higher WTI crude oil prices support the bullish outlook.
- Short-term charts for BKR and XOM appear stretched due to surges.
- Potential for short-term volatility in the energy sector.
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