US crude prices reach 7-year high

If Oil Prices Climb, The U.S. Is Less Able To Play The Role Of Swing Producer Than Some Think

 

As the International Energy Agency predicts increased oil demand by 2022, oil prices responded Thursday with a 1% increase. It also came after Saudi Arabia dismissed calls for more OPEC+ supply.

West Texas Intermediate crude for November delivery rose 87 cents to settle at $81.31 a barrel, another seven-year closing high.

Global benchmark Brent crude for December delivery finished up 82 cents at $84 a barrel, a 1% gain and also its highest settle since October 2018.

The EIA predicts oil demand will increase by half a million barrels a day when the power sector and heavy industries switch from more expensive sources of energy. It also warned the energy crunch could only fuel inflation and result in a slowdown of world economic growth.

What was the impact on Oklahoma energy stocks? Several saw gains for the day including a nearly 8% increase for NGL Energy Partners LP.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP
11.49 USD −0.10 (0.86%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
3.41 USD −0.050 (1.45%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
64.01 USD +1.96 (3.16%)
Cabot Oil & Gas Corporation (Coterra Energy)
NYSE: CTRA
20.75 USD −0.16 (0.77%)
Continental Resources, Inc.
NYSE: CLR
52.33 USD 0.00 (0.00%)
Cypress Environmental Partners LP
NYSE: CELP
1.58 USD +0.0100 (0.64%)
Devon Energy Corp
NYSE: DVN
39.78 USD +0.80 (2.05%)
Enable Midstream Partners LP
NYSE: ENBL
8.54 USD 0.00 (0.00%)
Gulfport Energy Corp
NYSE: GPOR
86.73 USD −0.28 (0.32%)
Helmerich & Payne, Inc.
NYSE: HP
32.10 USD +0.65 (2.07%)
LSB Industries, Inc.
NYSE: LXU
9.58 USD −0.090 (0.93%)
Laredo Petroleum Inc
NYSE: LPI
76.30 USD −1.79 (2.29%)
Magellan Midstream Partners, L.P.
NYSE: MMP
47.91 USD +0.31 (0.65%)
Mammoth Energy Services Inc
NASDAQ: TUSK
3.39 USD +0.090 (2.73%)
Matrix Service Co
NASDAQ: MTRX
10.53 USD +0.030 (0.29%)
NGL Energy Partners LP
NYSE: NGL
2.77 USD +0.19 (7.57%)
OGE Energy Corp.
NYSE: OGE
33.75 USD +0.71 (2.15%)
ONE Gas Inc
NYSE: OGS
68.96 USD +0.30 (0.44%)
ONEOK, Inc.
NYSE: OKE
64.55 USD +1.24 (1.96%)
Ovintiv Inc
NYSE: OVV
39.47 USD +0.98 (2.55%)
PHX Minerals Inc
NYSE: PHX
3.40 USD +0.080 (2.41%)
SandRidge Energy Inc.
NYSE: SD
12.33 USD +0.030 (0.24%)
Units Ord Shs
OTCMKTS: UNTC
34.00 USD −0.50 (1.45%)
Williams Companies Inc
29.37 USD+0.43 (1.49%)
Oil prices up as Britain, EU reach post-Brexit deal before deadline | Fox Business
 More from the Texas Energy Report.

Apache (APA) up 1.61 at 26.22 – change 6.54%

Cheniere (LNG) up 0.96 at 105.97 – change 0.91%

Chevron (CVX) up 1.02 at 108.81 – change 0.94%

ConocoPhillips (COP) up 0.62 at 73.84 – change 0.84%

Diamondback Energy (FANG) up 0.64 at 108.83 – change 0.59%

Energy Transfer LP (ET) down 0.02 at 9.94 – change 0.21%

Enterprise Products Partners (EPD) up 0.08 at 24.10 – change 0.33%

EOG Resources (EOG) up 0.57 at 90.57 – change 0.63%

ExxonMobil (XOM) up 0.93 at 62.00 – change 1.52%

Kinder Morgan (KMI) up 0.41 at 18.38 – change 2.28%

Marathon Oil Corp. (MRO) up 0.35 at 16.14 – change 2.21%

National Oilwell Varco (NOV) up 0.20 at 14.62 – change 1.38%

Occidental Petroleum (OXY) down 0.29 at 31.99 – change 0.90%

Phillips 66 (PSX) up 0.28 at 82.16 – change 0.35%

Pioneer Natural Resources (PXD) up 0.49 at 191.25 – change 0.25%

Valero (VLO) up 1.03 at 79.17 – change 1.31%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.59 at 84.05 – change 0.70%

CenterPoint (CNP) up 0.67 at 26.57 – change 2.58%

Entergy (ETR) up 0.92 at 103.48 – change 0.89%

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