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TORONTO - Surging oil stocks sent the Toronto stock market past 15,000 level for the first time Tuesday afternoon.

But the TSX also faced headwinds in the form of financial and tech stocks - also from the telecom sector because of takeover financing uncertainty involving BCE Inc.

New York indexes were firmly lower after U.S. core inflation at the wholesale level during April came in much higher than expected.

Toronto's S&P/TSX composite index was ahead 51 points to 15,035.2.

The TSX is up about 23 per cent from the recent low hit Jan. 21 with the energy sector up a blistering 50 per cent.

But it's because of the speed of the runup that analysts say they wouldn't be surprised to see some pullback from these levels.

"We're bumping our heads around the 15,000 level and the market is overbought at these levels here because it came up so fast," said Joe Ismail, technical analyst for Maison Placements.

"So if it pulls back 400, 500 points from here I wouldn't be surprised - but I'll be very comfortable with that. We will have short term consolidation for the balance of May and June and probably have a good summer."

The TSX energy sector climbed 2.8 per cent even with oil prices well off the highs of the session. The June crude contract in New York was up $1.22 to US$128.27 after earlier going as high as a record US$129.60.

The TSX financial sector was down 0.8 per cent with CIBC losing $1.55 to $73.57.