Oil's $100 Panic May Be Overdone — One Economist Sees 3 Catalysts For Drop

Oil markets have lurched from complacency to panic in a matter of days. Brent crude has surged past $100, climbing roughly 50% since hostilities escalated around the Strait of Hormuz — the world's most critical oil shipping chokepoint. But one economist believes the market's reaction may now be overshooting reality. • State Street Energy Select Sector SPDR ETF stock is showing positive momentum. What’s next for XLE stock?Robin Brooks, senior fellow at the Brookings Institution and former chief economist at ...