When Will the Energy Markets Break Out?

When WTI crude prices rose by around 5% earlier this week, energy investors thought that a breakout began. On Tuesday, the rebound stalled. Prices fell again after China offered world markets no concrete details on its mega stimulus plans.Oil prices depend primarily on fears about escalating tensions in Israel, Lebanon, and Iran. When markets speculate that the war will not have an impact on oil supply, prices fall. Investors should watch Conoco Phillips (COP), EOG (EOG), Diamondback Energy (FANG), and Exxon Mobil (XOM). Those are the energy giants that would break out first if energy prices…