Oil Price Surges Create a Gap Between Corporate Fundamentals and Market Prices
Panic-selling in this environment leads to permanent financial losses. The Dow and Nasdaq are more than 10% below their record highs, and the S&P 500 is down 0.36% year-to-date. Market movements now track oil prices tick for tick. WTI crude rose from $62 a barrel in January 2026 to $102 per barrel as of April 13, 2026. This price surge was caused by a squeeze on global oil supply resulting from the conflict in the region. The U.S.-Iran war began on February 28.
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