The energy sector has been on fire recently. The only sector so far to take out it’s early April highs by any significant margin. The XLE is up 1.1% year to date.
Today the XLE also made a new all time high, taking out it’s previous high in 2008. The Energy sector was one of the few sectors yet to take out it’s 2007-2008 high (Financials and Utilities the others) so this may be a bit of catching up in terms of the broader market.