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Apr.18
7:35 PM ET
Friday, 18 Apr 2008
As oil hits new highs, so does the energy sector.  Which companies are profiting the most?

NYMEX crude oil for May delivery [US@CL.1  Loading...      ()] 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:
BJ Services [BJS  Loading...      ()   ]
Weatherford International [WFT  Loading...      ()   ]
Smith International [SII  Loading...      ()   ]
Baker Hughes [BHI  Loading...      ()   ]
Schlumberger [SLB  Loading...      ()   ].
  **The S&P Oil and Gas Equipment and Services Group is up 11.97% this week.

S&P 500 Energy Sector 1-Week Winners

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