WTI crude oil futures are trading near $120 per barrel tonight, and the energy market is staring down a historic moment. Just three weeks ago, oil was sitting at $66 per barrel on February 20. Tonight
As oil futures rocket past $100 per barrel tonight, the market is splitting in two.
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Wall Street Week Ahead

07:23am, Sunday, 08'th Mar 2026
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The smart money is making a very specific bet right now: both ExxonMobil and Chevron are being priced for an oil environment significantly richer than what we're seeing today.

What Moved Markets This Week

06:43am, Saturday, 07'th Mar 2026
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Oil prices have surged due to the war with Iran. Crude could continue to rally if the conflict impedes global oil supplies.
XOM's Permian and Guyana assets, paired with low breakeven costs, are set to drive upstream growth as production targets 5.5MM boe/d by decade???s end.
Oil prices are absolutely ripping higher, with investors of all stripes increasingly viewing oil stocks as a great place to invest.
WTI crude oil has swung from $75.74 in January 2025 all the way down to $57.97 in December 2025 before recovering to $64.51 in February 2026.
With WTI crude sitting at $80 per barrel as of early March, oil remains roughly $20 short of the $100 threshold that would dramatically reshape energy sector cash flows.
The death of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28, 2026 has fundamentally altered the risk calculus across global energy markets.

5 Energy Stocks Leading This Year's Biggest Rally

12:55pm, Thursday, 05'th Mar 2026
After significantly underperforming the market 2025, the energy sector is leading the way in 2026, with the Energy Select Sector SPDR ETF (NYSE: XLE) up more than 20% year to date (YTD).
The Supreme Court struck down the Trump administration's earlier tariffs. The administration has since imposed tariffs in a new way.
Major stock indexes retreated Thursday, while oil prices jumped further as Iran claimed to have attacked a tanker in the Strait of Hormuz.
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