Has Oil Hit its High for the Year?

Oil derrick with sunset
Harold Sund | Image Bank | Getty Images

Crude oil futures touched a 14-month high of $104.12 in early Monday trading, before promptly falling two dollars. Crude oil has had a fantastic run-up over the course of the past two weeks, rising more than $10 as Egyptian concerns have taken the fore.

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The question now: Did Monday morning's quick reversal mark the top for crude oil? Vote in our Futures Now poll and tell us what you think!

—By CNBC's Alex Rosenberg. Follow him on Twitter: @CNBCAlex.

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