Energy stocks experienced significant volatility over the past few days. On October 7, 64% of the energy sector was above their 50-day SMA, the highest since April. Pre-market trading saw U.S. energy stocks rise as crude oil prices increased by more than 2%, with Chevron and Exxon Mobil each up 1.2%, Occidental Petroleum up 1%, ConocoPhillips up 1.1%, APA up 1.3%, Halliburton up 1.2%, SLB up 1.3%, and Diamondback Energy up 1.4%. Additionally, 95% of the S&P 500 Energy sector made a new 4-week high, the most since January 2022. The Energy sector gained 0.35% on an otherwise down day for stocks, in which the Dow tumbled nearly 400 points. However, the trend reversed on October 8, as the S&P 500 Energy sector hit a near one-week low, dropping 2.5%. Crude oil prices fell over 3%, leading to significant declines in oil stocks: APA Corporation down 5.5%, Halliburton down 4.2%, Occidental Petroleum down 3.7%, Chevron down 2.2%, and Exxon down 2.5%. This marked the worst day for the energy sector relative to the S&P 500 since October 2023.