Optimism about falling COVID-19 infections in China and a major production outage from a deadly fire in the Gulf of Mexico helped crude oil prices recover Tuesday for a second day in a row. Oklahoma energy stocks gained as well.
West Texas Intermediate crude for October delivery rose $1.79 or 2.56% to finish Tuesday’s trading at $67.34 a barrel.
Global benchmark Brent crude for October delivery increased 2.89% on a $1.99 jump to $70.74.
The rebound in oil prices also brought significant gains for Oklahoma energy stocks. Laredo Petroleum was up more than 6% while NGL approached 6% and Devon gained nearly 5%
8.09 USD +0.070 (0.87%)
3.19 USD +0.050 (1.59%)
52.70 USD +0.45 (0.86%)
59.26 USD +0.16 (0.27%)
37.38 USD +1.16 (3.20%)
1.38 USD +0.050 (3.76%)
28.53 USD +1.26 (4.62%)
7.87 USD +0.040 (0.51%)
65.21 USD +0.36 (0.56%)
25.95 USD +0.63 (2.49%)
8.80 USD +0.23 (2.68%)
Laredo Petroleum Inc
45.20 USD +2.60 (6.10%)
47.77 USD +0.52 (1.10%)
3.38 USD −0.030 (0.88%)
10.98 USD +0.18 (1.67%)
1.58 USD +0.085 (5.69%)
35.44 USD −0.085 (0.24%)
72.64 USD +0.38 (0.53%
52.96 USD +0.98 (1.89%)
25.51 USD +1.06 (4.31%)
2.66 USD +0.080 (3.10%)
8.88 USD −0.020 (0.22%)
21.25 USD 0.00 (0.00%)
24.64 USD +0.14 (0.57%)
Numerous other energy stocks recorded gains according to the Texas Energy Report.
Cabot Oil & Gas (COG) up 0.05 at 14.70 – change 0.34%
Chevron (CVX) up 1.11 at 97.84 – change 1.14%
ConocoPhillips (COP) up 0.62 at 55.41 – change 1.13%
Diamondback Energy (FANG) up 2.00 at 74.20 – change 2.77%
Energy Transfer LP (ET) up 0.12 at 9.33 – change 1.30%
Enterprise Products Partners (EPD) up 0.16 at 22.08 – change 0.72%
EOG Resources (EOG) up 0.81 at 68.45 – change 1.19%
ExxonMobil (XOM) up 0.45 at 55.36 – change 0.81%
Kinder Morgan (KMI) up 0.20 at 16.48 – change 1.22%
Marathon Oil Corp. (MRO) up 0.31 at 11.61 – change 2.74%
National Oilwell Varco (NOV) up 0.55 at 13.13 – change 4.37%
Occidental Petroleum (OXY) up 0.91 at 24.38 – change 3.87%
Phillips 66 (PSX) up 2.13 at 70.93 – change 3.09%
Pioneer Natural Resources (PXD) up 2.29 at 147.84 – change 1.57%
Valero (VLO) up 2.12 at 65.23 – change 3.35%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.89 at 89.23 – change 0.99%
CenterPoint (CNP) down 0.34 at 25.84 – change 1.30%
Entergy (ETR) down 0.26 at 113.74 – change 0.23%