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Byline: JULIE HUYNH
This year's top-performing stock funds have been adding such energy stocks as Newfield Exploration, ConocoPhillips, Nabors Industries, Questar and Encana.
Oil has been one of the top industries in this year's choppy market. Crude oil prices continue to climb. On Monday, oil reached as high as $58 a barrel, surpassing October's old high of $56.
As of April 4, four oil and gas groups hogged the top spots among IBD's 197 industries.
Some oil firms are so flush with cash that they're taking this opportunity to consolidate. ChevronTexaco said it will buy El Segundo-based Unocalin a cash-and-stock deal worth $16.4 billion.
Apple Computer was popular with top-performing funds.
Twenty-three top funds bought Newfield Exploration, investing an estimated $123 million. Artisan Mid-Cap Value Fund grabbed shares in its latest reporting period.