After a turbulent after-hours session that sent oil prices surging, prices have come off their highs after CNBC's Sharon Epperson confirmed with Saudi sources that reports of a pipeline explosion were false.
Crude oil for April delivery traded as high as $110.55 a barrel in electronic trading Thursday. The last time oil futures crossed the $110 mark was back in May 4, 2011. The rise in crude prices in the past five months has been steep. Since October 4, when crude fell to a one-year low of $74.95, prices for the commodity have increased about $35, or 47 percent.
During the same period, the S&P Energy sector is up 27 percent, taking the second place within the S&P 500 index — behind industrial companies, which are up 27.6 percent.As oil continues to spike, which energy stocks have performed the best?
Ideas? Suggestions? Send them to email@example.com