Crude oil recorded gains in Monday’s trading despite hurricane

Oil prices move higher as fears of COVID-19 continue - BIC Magazine

 

While the Deep South struggles with recovery and Gulf Coast oil and gas operations wonder when they might resume, crude oil prices recorded gains in Monday’s trading. Oklahoma energy stocks couldn’t maintain last week’s gains.

Global benchmark Brent rose 71 cents or 0.98% to finish the day at $73.41 a barrel on ICE Futures Europe. It earlier had a session high of $73.69, the highest mark since Aug. 2.

West Texas Intermediate crude went up 47 cents or 0.68% and settled at $69.21 a barrel.

The increased oil prices came after hundreds of oil production platforms were evacuated ahead of the hurricane and oil production totaling 1.74 million barrels a day was suspended.

Most Oklahoma energy stocks fell in Monday’s trading but NGL Energy Partners stood out as its stock rose more than 13%.

Alliance Resource Partners, L.P.
NASDAQ: ARLP

8.39 USD −0.11 (1.29%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.22 USD −0.0100 (0.31%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

54.79 USD −0.59 (1.07%)

Cimarex Energy Co
NYSE: XEC

64.25 USD +0.50 (0.78%)

Continental Resources, Inc.
NYSE: CLR

38.31 USD −0.12 (0.31%)

Cypress Environmental Partners LP
NYSE: CELP

1.42 USD −0.030 (2.06%)

Devon Energy Corp
NYSE: DVN

29.78 USD −0.58 (1.91%

Enable Midstream Partners LP
NYSE: ENBL

7.79 USD −0.23 (2.87%)

Gulfport Energy Corp
NYSE: GPOR

66.15 USD −1.16 (1.72%)

Helmerich & Payne, Inc.
NYSE: HP

26.86 USD −0.94 (3.38%)

LSB Industries, Inc.
NYSE: LXU

8.10 USD −0.21 (2.53%)

Laredo Petroleum Inc
NYSE: LPI

51.29 USD −1.20 (2.29%)

Magellan Midstream Partners, L.P.
NYSE: MMP

49.26 USD +0.050 (0.10%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.40 USD −0.040 (1.16%)

Matrix Service Co
NASDAQ: MTRX

11.35 USD +0.020 (0.18%)

NGL Energy Partners LP
NYSE: NGL

1.77 USD +0.21 (13.46%)

OGE Energy Corp.
NYSE: OGE

35.49 USD −0.080 (0.22%)

ONE Gas Inc
NYSE: OGS

71.71 USD −0.040 (0.056%)

ONEOK, Inc.
NYSE: OKE

53.04 USD −0.80 (1.49%)

Ovintiv Inc
NYSE: OVV

26.75 USD −0.43 (1.58%)

PHX Minerals Inc
NYSE: PHX

2.54 USD −0.090 (3.42%)

SandRidge Energy Inc.
NYSE: SD

8.89 USD −0.69 (7.20%)

Units Ord Shs
OTCMKTS: UNTC

21.89 USD +0.39 (1.81%)

 Williams Companies Inc
NYSE: WMB

24.56 USD −0.050 (0.20%)

Another reason why oil price will keep rising – Nairametrics

 

Other energy stocks saw their prices fall too according to the Texas Energy Report.

Cabot Oil & Gas (COG) up 0.11 at 15.74 – change 0.70%

Chevron (CVX) down 0.25 at 98.39 – change 0.26%

ConocoPhillips (COP) down 0.54 at 56.20 – change 0.96%

Diamondback Energy (FANG) down 0.37 at 76.28 – change 0.49%

Energy Transfer LP (ET) down 0.19 at 9.30 – change 2.01%

Enterprise Products Partners (EPD) down 0.19 at 22.26 – change 0.85%

EOG Resources (EOG) down 2.25 at 67.39 – change 3.22%

ExxonMobil (XOM) down 0.61 at 55.16 – change 1.10%

Kinder Morgan (KMI) down 0.25 at 16.34 – change 1.51%

Marathon Oil Corp. (MRO) down 0.25 at 11.76 – change 2.09%

National Oilwell Varco (NOV) down 0.41 at 13.28 – change 3.00%

Occidental Petroleum (OXY) down 0.41 at 25.25 – change 1.60%

Phillips 66 (PSX) down 1.04 at 71.56 – change 1.44%

Pioneer Natural Resources (PXD) down 1.39 at 150.28 – change 0.92%

Valero (VLO) down 1.10 at 66.02 – change 1.63%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.33 at 89.62 – change 0.36%

CenterPoint (CNP) down 0.24 at 25.38 – change 0.94%

Entergy (ETR) down 2.33 at 109.36 – change 2.09%

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