As oil hits new highs, so does the energy sector. Which companies are profiting the most?
NYMEX crude oil for May delivery hit four new closing records this week, and an intraday all-time high of $117 per barrel. Oil gained 6.1% for this week alone, and achieved the biggest weekly dollar increase ever on the NYMEX of over $5.
Of the companies benefiting the most from the rise in crude oil, five are within the S&P Oil and Gas Equipment and Services group, a sub-group of the S&P Energy sector, and they are:
**The S&P Oil and Gas Equipment and Services Group is up 11.97% this week.
S&P 500 Energy Sector 1-Week Winners