Over the past month Crude Oil prices have slowly, and quietly climbed back up near the feared $80/barrel price. Right now, crude is quoted at $77.29. Amid this rally, we have noticed that investors in oil stocks seem to be shifting their attention away from crude prices and towards market trends, and primarily earnings numbers. Below we show the year-to-date performance of the S&P 500 Integrated Oil & Gas Index, versus crude oil prices. The index is made up of: CVX, COP, XOM, HES, MRO, MUR & OXY.