The growing signs of crude oil supply tightness as a result of Hurricane Ida in the U.S. caused oil prices to reach nearly $73 a barrel on Friday.
West Texas Intermediate crude rose 2.3% or $1.58 to finish the day at $69.72 a barrel.
Global benchmark Brent crude made the same 2.3% gain on a $1.47 increase to $72.92 a barrel on ICE Futures Europe.
The tight crude supplies remain affected as three quarters of the U.S. Gulf’s offshore oil production is still offline.
While oil prices increased on Friday, most Oklahoma energy stocks experienced losses for the day with the exception of a few including Unit Corporation which saw a nearly 6% gain.
9.33 USD −0.090 (0.96%)
3.18 USD −0.060 (1.85%)
59.54 USD −1.03 (1.70%)
73.24 USD −0.86 (1.16%)
38.59 USD +1.14 (3.04%)
1.41 USD +0.040 (2.92%)
28.07 USD +0.11 (0.39%)
7.83 USD −0.080 (1.01%)
71.27 USD −0.49 (0.68%)
26.85 USD −0.17 (0.63%)
8.04 USD −0.11 (1.35%)
62.42 USD +1.36 (2.23%)
47.60 USD −0.60 (1.24%)
3.33 USD −0.050 (1.48%)
10.59 USD −0.18 (1.67%)
1.76 USD −0.030 (1.68%)
35.09 USD −0.41 (1.15%)
68.50 USD −2.20 (3.11%)
52.49 USD +0.090 (0.17%)
28.34 USD +0.54 (1.94%)
2.74 USD +0.080 (3.01%)
10.27 USD +0.10 (0.98%)
27.00 USD +1.55 (6.09%)
24.28 USD +0.14 (0.58%)
Here is how other energy stocks performed on Friday according to the Texas Energy Report.
Cabot Oil & Gas (COG) down 0.21 at 18.32 – change 1.14%
Chevron (CVX) up 0.07 at 96.07 – change 0.07%
ConocoPhillips (COP) up 0.15 at 55.73 – change 0.26%
Diamondback Energy (FANG) down 0.62 at 75.04 – change 0.82%
Energy Transfer LP (ET) down 0.02 at 9.30 – change 0.22%
Enterprise Products Partners (EPD) down 0.12 at 22.09 – change 0.55%
EOG Resources (EOG) down 0.21 at 67.14 – change 0.32%
ExxonMobil (XOM) up 0.11 at 53.98 – change 0.21%
Kinder Morgan (KMI) down 0.01 at 15.97 – change 0.07%
Marathon Oil Corp. (MRO) down 0.08 at 11.27 – change 0.71%
National Oilwell Varco (NOV) up 0.37 at 13.09 – change 2.90%
Occidental Petroleum (OXY) down 0.09 at 24.98 – change 0.36%
Phillips 66 (PSX) down 0.36 at 66.38 – change 0.54%
Pioneer Natural Resources (PXD) up 0.78 at 151.08 – change 0.51%
Valero (VLO) down 0.13 at 63.41 – change 0.21%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.57 at 88.83 – change 1.74%
CenterPoint (CNP) down 0.34 at 26.22 – change 1.29%
Entergy (ETR) down 1.11 at 111.84 – change 0.98%