OIL SPIKE MAY REVERSE FAST Oil prices could fall as sharply as they rose, warns Derek Podhaizer of Piper Sandler. Despite a ~40% jump in WTI last week, U.S. oilfield services stocks barely moved. Halliburton fell about 5%, roughly in line with the VanEck Oil Services ETF (OIH). Podhaizer says the muted reaction reflects already strong year-to-date gains and skepticism that producers will quickly boost drilling due to capital discipline. If the conflict eases soon, oil could drop as quickly as it spiked, creating downside risk for service stocks. Middle East-exposed names, including National Energy Services Reunited and SLB, have already fallen amid risks tied to disruptions around the Strait of Hormuz.(*Walter Bloomberg)