Over the past couple of weeks, oil stocks have sold off heavily, reversing a good chunk of their early-year gains thanks to a drop in oil prices due to worries of a recession, a brawny dollar, and an overly hawkish Fed. As Citi analyst Scott Gruber has told Barron's, oil producers and oil service firms may be in "stock purgatory" for now, in part because fund managers worry that oil prices have more room to fall if a recession hits. The energy sector's best-known benchmark, the Energy Select Sector SPDR ETF (NYSEARCA: XLE) has lost 7.4% over…
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