WTI crude is back above $50 a barrel after Vladimir Putin said Russia is ready to join the OPEC production cap. Saudi Arabia's energy minister said Monday morning that $60 a barrel this year would not be "unthinkable." So how should you trade it?
Using Kensho, an analytics tool used by hedge funds, CNBC PRO looked back at all the times in the last decade when oil surged by $10 in three months to see how members of the S&P 500 performed. Here are the results: