Oil rallied on tight U.S. supplies but the rally didn’t help Oklahoma energy stocks

jessica jaganathan: Oil prices climb as U.S. ramps up economic support  measures, Energy News, ET EnergyWorld

 

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.

Alliance Resource Partners, L.P.
NASDAQ: ARLP

9.33 USD −0.090 (0.96%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.18 USD −0.060 (1.85%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

59.54 USD −1.03 (1.70%)

Cimarex Energy Co
NYSE: XEC

73.24 USD −0.86 (1.16%)

Continental Resources, Inc.
NYSE: CLR

38.59 USD +1.14 (3.04%)

Cypress Environmental Partners LP
NYSE: CELP

1.41 USD +0.040 (2.92%)

Devon Energy Corp
NYSE: DVN

28.07 USD +0.11 (0.39%)

Enable Midstream Partners LP
NYSE: ENBL

7.83 USD −0.080 (1.01%)

Gulfport Energy Corp
NYSE: GPOR

71.27 USD −0.49 (0.68%)

Helmerich & Payne, Inc.
NYSE: HP

26.85 USD −0.17 (0.63%)

LSB Industries, Inc.
NYSE: LXU

8.04 USD −0.11 (1.35%)

Laredo Petroleum Inc
NYSE: LPI

62.42 USD +1.36 (2.23%)

Magellan Midstream Partners, L.P.
NYSE: MMP

47.60 USD −0.60 (1.24%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.33 USD −0.050 (1.48%)

Matrix Service Co
NASDAQ: MTRX

10.59 USD −0.18 (1.67%)

NGL Energy Partners LP
NYSE: NGL

1.76 USD −0.030 (1.68%)

OGE Energy Corp.
NYSE: OGE

35.09 USD −0.41 (1.15%)

ONE Gas Inc
NYSE: OGS

68.50 USD −2.20 (3.11%)

ONEOK, Inc.
NYSE: OKE

52.49 USD +0.090 (0.17%)

Ovintiv Inc
NYSE: OVV

28.34 USD +0.54 (1.94%)

PHX Minerals Inc
NYSE: PHX

2.74 USD +0.080 (3.01%)

SandRidge Energy Inc.
NYSE: SD

10.27 USD +0.10 (0.98%)

Units Ord Shs
OTCMKTS: UNTC

27.00 USD +1.55 (6.09%)

Williams Companies Inc
NYSE: WMB

24.28 USD +0.14 (0.58%)

Answers to Six Key Questions About the Oil Price Collapse | Time

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%