RE:Oil price vs oil stocks I think a lot of investors don't trust that oil prices won't return very rapidly back to the 70's. With all the rapid oil price changes both up and down everyone is hesitant to buy. The amount of manipulation to keep oil low is unbelievable. We have had three weeks of large drops in crude supply but very little upward movement in oil stock prices. Just think if the same amounts had been supply increases, oil would have dropped like a rock back to low 60's.
Sometime soon the reality of a real oil shortage will hit. But I'm afraid Biden will open the SPR again. The threat of Ng the SPR faucet is also holding down oil stocks.