BOSTON ( TheStreet) -- The "risk-off" trade, which has pummeled the stock market, has led to the outperformance of defensive sectors, including telecommunication, utility and health-care stocks. Still, energy, the most profitable sector so far in 2011, is holding up well.S&P 500 oil-and-gas stocks have delivered a median gain of 9.3% in 2011. Crude oil is hovering around $100 a barrel, a sweet spot for producers -- expensive enough to generate lofty margins, but not costly enough to cannibalize demand for energy.
-- Written by Jake Lynch in Boston.
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