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When Oil Prices Surge, Do Oil Stocks Always Rally? A...
1. Debunking the Myth: The Branded Narrative vs. Market Reality Key Takeaways * Oil price spikes lift oil equities on average, but the overall correlation with Brent hovers around 0.58 and fluctuates across periods. * Integrated majors (e.g., Exxon, Chevron) show muted and lagged stock responses due to long‑term