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Devon Energy Stock and Jim Cramer's 5 Other Oil Favorites

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Oil prices surged to their highest levels in three years as a rolling power crisis triggered government shutdowns in China and investors fear a global power crisis, TheStreet's Martin Baccardax reported.

Read the latest on oil. 

European natural gas prices have risen 500% over the last year. In Britain, the majority of gas stations are closed amid panic buying and shortages linked to a shortage of drivers and haulers.

Gasoline prices have also been on the rise in the U.S. with the average price of gasoline sitting at $3.189 according to AAA data.

WTI futures for November delivery started the week at $75.42 per barrel and brent contracts for the same month were up $1.41 at $79.50 per barrel, the highest in three years, Baccardax reported. 

In the video above, Jim Cramer revealed his favorite names in the energy sector. Watch to hear his takes on Chevron  (CVX) - Get Chevron Corporation Report, Pioneer  (PESX) - Get Pioneer Energy Services Corp. Report, Devon  (DVN) - Get Devon Energy Corporation Report, Tellurian  (TELL) - Get Tellurian Inc. Report , ConocoPhillips  (COP) - Get ConocoPhillips Report and Diamondback Energy  (FANG) - Get Diamondback Energy, Inc. Report

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