Listen to the audio version of this article (generated by AI).

Editor’s Note: I’ve been through enough oil shocks, market rotations and geopolitical scares to know one thing: When energy volatility starts heating up, investors need to pay attention.

That doesn’t mean you panic. It means you look for the opportunity.

Yesterday I introduced you to my InvestorPlace colleague Jonathan Rose. And today, I asked him to share what he’s seeing in the oil market right now. Below, he breaks down two specific oil-market signals he watches when energy markets get stressed – and why they may already be pointing to a new opportunity in oil and refinery stocks.

That same kind of “signal spotting” is what Jonathan and my good friend Marc Chaikin will be discussing at The Convergence Summit on May 28 at 8 p.m. Eastern.