What will happen to oil and energy trading on Monday? It’s the question on the minds of many, whether they are investors in oil and gas companies or the leaders and employees of those firms.
West Texas Intermediate crude oil futures closed Friday down 8 cents at $36.26 a barrel in trading on the New York Merchantile Exchange. Overseas, Brent August futures finished the day up 31 cents or .80% on ICE futures and finished the day at $38.86 a barrel.
Natural gas fell 8 cents to $1.73 per MMBtu for a 4.5% drop.
Of energy companies traded in Oklahoma, Devon saw a 6% climb in its shares or 71 cents to settle at $12.80 for the day. SandRidge Energy jumped 5% or 8 cents before shares concluded at $1.66.
Mammoth Energy Services headquartered in Oklahoma City soared 12% or 21 cents a share before ending Friday’s session at $1.97 a share.
Chesapeake Energy finished Friday up 9% or $1.59 a share settling at $19.23.
ConocoPhillips rose $1.61 or 4% a share and ended the day at $43.73. EOG Resources was up $1.42 or 3% settling at $52.57.
Marathon Oil rose 32 cents or 5% and ended the day at $6.58. ONEOK finished down 3.5% or $1.24 and settled at $34.09.
Phillips 66 rose $2.25 a share or 3% and ended the day at $77.26. NGL shares rose 29 cents or 5% to finish at $5.71.
American Electric Power rose 4 cents to end the day at $81.80 a share.