European energy stocks are finally responding to this year’s 60% surge in the price of Brent crude. The majority of the Stoxx Europe 600’s winners in the past month have been oil stocks, and with a gain of about 11% the sector is clearly the benchmark’s top-performing subgroup in that time. Crude just reached a seven-year high and OPEC+ is keeping a lid on production, yet energy stocks are still nowhere near catching up with oil prices.