The S&P 500 Just Hit a 3-Month Low, But Oil Stocks Are Surging. Should Investors Join the Crude Oil Rally?

2026-03-05 08:20:00 ET

The S&P 500 's rally has fizzled out this year. It recently dropped to three-month low, giving back all its gains for 2026. One factor weighing on the broader market index is the rally in crude oil prices, fueled by the war with Iran. Surging crude prices have driven up oil stocks this year.

Here's a look at whether investors should join in the rally and buy oil stocks .

Image source: Getty Images.

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