COM - Oil plunges gasoline set for 'crazy' moves and a nascent supercycle: Sector Watch

The cyclical trade lost a major arrow in its quiver in the last trading week as geopolitical tension and renewed lockdowns roiled crude prices and energy stocks.WTI futures (CL1:COM) (USO) closed the week down 6.3%, its worst week since October.Brent futures (CO1:COM) finished off 6.8%.The SPDR Energy Select Sector ETF (XLE) sank 7.5%, its worst week since a 10% slump in late September.Among the weakest stocks, Marathon Oil (MRO) fell 10% for the week, Halliburton (HAL) dropped 9%, ExxonMobil (XOM) lost 9% and Chevron (CVX) fell 7%.This Tuesday, Hess (HES), The Williams Companies (WMB), Phillips 66 (PSX), and Enterprise Products Partners (EPD) will hold investors' meetings followed by fireside chat at Scotia Howard Weil 49th Annual Energy Conference 2021, according to Seeking Alpha’s Catalyst Watch.Along with those company updates, and how crude follows up, investors may also want to turn their attention to gas prices.“With the early stages of the

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Oil plunges, gasoline set for ‘crazy’ moves and a nascent supercycle: Sector Watch