Traders watch oil vs. oil stocks and think something has to go down. One page is wrong. A huge divergence has developed between energy stocks and crude oil. Crude oil is 40% off its peak in March this year, but energy stocks are easily the best-performing sector on the S&P this year, up 62% and just 4% off the highs they hit a few weeks ago . Why the big discrepancy? Energy bulls insist supplies remain tight and oil prices likely to be higher in 2023….
