Growing Middle East tensions prompted a 1% in oil prices on Thursday but the gains were also tempered by an increase in COVID-19 cases that threaten the global energy demand recovery. Oklahoma energy stocks rode the wave of better prices.
Global benchmark Brent crude finished up 91 cents for a 1.3% gain to settle at $71.29 a barrel. It came after earlier dropping below $70 for the first time since July 21.
West Texas Intermediate crude rose 94 cents for a 1.4% gain and finished at $69.09 a barrel.
The increase certainly affected Oklahoma energy stocks as some of the majors saw big gains—Devon more than 5%, Continental up more than 6% and SandRidge Energy more than 6%.
7.73 USD +0.15 (1.98%)
3.24 USD −0.070 (2.11%)
54.21 USD −0.27 (0.50%)
64.91 USD +1.40 (2.20%)
34.86 USD +2.03 (6.18%)
1.96 USD −0.060 (2.97%)
26.63 USD +1.34 (5.30%)
8.02 USD +0.060 (0.75%)
69.40 USD +0.040 (0.058%)
26.47 USD +0.22 (0.84%)
7.84 USD +0.050 (0.64%)
46.07 USD −0.97 (2.06%)
45.94 USD −0.64 (1.38%)
3.36 USD −0.040 (1.18%)
10.91 USD +0.27 (2.54%)
1.81 USD +0.070 (4.02%)
74.52 USD +0.70 (0.95%)
52.21 USD +0.49 (0.95%)
25.46 USD +0.90 (3.66%)
2.90 USD +0.040 (1.40%)
5.95 USD +0.36 (6.44%
19.39 USD −0.11 (0.56%)
25.08 USD +0.19 (0.76%)
The Texas Energy Report indicated other energy stocks made gains on Thursday including nearly 7% for Marathon Oil.
Cabot Oil & Gas (COG) up 0.18 at 16.04 – change 1.13%
Chevron (CVX) up 0.93 at 101.23 – change 0.93%
ConocoPhillips (COP) up 1.02 at 55.95 – change 1.86%
Diamondback Energy (FANG) up 3.41 at 79.83 – change 4.46%
Energy Transfer LP (ET) up 0.01 at 9.12 – change 0.00%
Enterprise Products Partners (EPD) down 0.20 at 22.05 – change 0.90%
EOG Resources (EOG) unchanged at 70.74 – change 0.00%
ExxonMobil (XOM) up 0.36 at 57.20 – change 0.63%
Kinder Morgan (KMI) down 0.12 at 17.02 – change 0.70%
Marathon Oil Corp. (MRO) up 0.74 at 11.79 – change 6.70%
National Oilwell Varco (NOV) up 0.24 at 13.16 – change 1.86%
Occidental Petroleum (OXY) up 0.50 at 26.19 – change 1.95%
Phillips 66 (PSX) up 1.73 at 73.37 – change 2.41%
Pioneer Natural Resources (PXD) up 1.79 at 151.79 – change 1.19%
Valero (VLO) up 1.53 at 65.71 – change 2.38%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.83 at 89.66 – change 0.93%
CenterPoint (CNP) up 0.54 at 26.24 – change 2.10%
Entergy (ETR) up 2.75 at 106.46 – change 2.65%