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Energy stocks have pulled back from Iran war-driven spikes.
Morgan Stanley says energy stocks have peaked, signaling expectations of lower oil and gas prices.
KEY POINTS
- Energy stocks' relative performance has turned lower despite ongoing high oil prices from the Iran war.
- Morgan Stanley recommends shifting focus from energy producers to refiners within the sector.
- The team draws parallels between current oil price peaks and past market reactions to trade uncertainty.
COMPANIES
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