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On Monday, oil prices fell sharply once again, with Brent crude dropping as low as $62.51 per barrel and West Texas Intermediate (WTI) falling to $58.95 before settling slightly higher by the end of the day.

Carter Worth, Worth Charting, joins 'Fast Money' to track what the charts are saying in the energy sector as it leads to the downside in today's trading session.

If you're interested in broad exposure to the Energy - Broad segment of the equity market, look no further than the Energy Select Sector SPDR ETF (XLE), a passively managed exchange traded fund launched on 12/16/1998.

The energy sector has significantly outperformed the broader market year-to-date in 2025. While the S&P 500 has struggled, with the SPY ETF down nearly 9% from its 52-week high and 5% YTD, the Energy Select Sector SPDR Fund NYSEARCA: XLE has surged over 9% as of the first quarter's close.

Investors may consider betting on top-ranked ETFs that emerged as winners in the first quarter to tap the ongoing trend.

Energy stocks are proving their strength, outperforming the market despite oil price stagnation. Structural shifts, deglobalization, and inflation favor long-term upside. Shale growth is slowing, and oil companies are prioritizing cash flow over expansion. With rising costs, $70 oil is the new $50, limiting U.S. production at lower prices. Uncertainty in policy and tariffs adds pressure, but I see oil stabilizing near $90 long term. My top energy picks remain strong plays for income and capital appreciation.

The latest oil price correction is overdone and I see several catalysts that could trigger a rebound. The leading catalysts include usually low strategic petroleum reserves, crude stocks inventory, and also the potential of more favorable policies for domestic production. XOM is better positioned to benefit in case of an oil price recovery than the sector average, represented by XLE, for several reasons.

The final trades of the day with the Fast Money traders.

The energy sector began its correction around inauguration day, ahead of other sectors, a potential sign of an impending recession. Geopolitical risks and supply constraints may push oil prices up long-term, but current demand slowdown, currency volatility, and tariffs present headwinds. Trump's plan to rapidly refill the Strategic Petroleum Reserve looks less likely. SPR purchases are slower under the new administration than Biden's in 2024, weakening the demand outlook.