US crude pushes $84 a barrel

How High Can Oil Prices Go In 2021?

 

With a drop of 431,000 barrels in storage in the past week in the US, crude prices rallied Wednesday with West Texas Intermediate settling close to $84 while overseas prices finished at nearly $86 a barrel.

West Texas Intermediate crude for November delivery closed up 1.1% or 91 cents at $83.87 a barrel on the New York Mercantile Exchange. WTI for December delivery finished up 98 cents at $83.42 a barrel.

Brent crude for December delivery gained 74 cents or 0.95 to close at $85.82 a barrel on ICE Futures Europe, the highest close since October 2018.

Some gains were made by Oklahoma energy stocks including SandRidge Energy which posted a more than 5% improvement for the day.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP
11.82 USD −0.11 (0.92%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
3.36 USD −0.0100 (0.30%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
62.31 USD +0.49 (0.79%)
Continental Resources, Inc.
NYSE: CLR
51.39 USD −0.17 (0.33%)
Coterra Energy Inc
NYSE: CTRA
21.41 USD +0.55 (2.64%)
Devon Energy Corp
NYSE: DVN
40.91 USD +0.61 (1.51%)
Enable Midstream Partners LP
NYSE: ENBL
8.68 USD +0.080 (0.93%)
Gulfport Energy Corp
NYSE: GPOR
84.00 USD +0.41 (0.49%)
Helmerich & Payne, Inc.
NYSE: HP
34.88 USD +0.18 (0.52%)
LSB Industries, Inc.
NYSE: LXU
9.17 USD +0.050 (0.55%)
Laredo Petroleum Inc
NYSE: LPI
73.20 USD +0.72 (1.00%)
Magellan Midstream Partners, L.P.
NYSE: MMP
50.38 USD +0.050 (0.099%)
Mammoth Energy Services Inc
NASDAQ: TUSK
3.33 USD +0.030 (0.91%)
Matrix Service Co
NASDAQ: MTRX
10.54 USD +0.66 (6.68%)
NGL Energy Partners LP
NYSE: NGL
2.82 USD +0.030 (1.08%)
OGE Energy Corp.
NYSE: OGE
34.03 USD +0.43 (1.28%)
ONE Gas Inc
NYSE: OGS
68.13 USD +1.11 (1.66%)
ONEOK, Inc.
NYSE: OKE
65.13 USD −0.010 (0.015%)
Ovintiv Inc
NYSE: OVV
39.84 USD +0.55 (1.40%)
PHX Minerals Inc
NYSE: PHX
3.48 USD +0.030 (0.87%)
SandRidge Energy Inc.
NYSE: SD
12.12 USD +0.62 (5.39%)
Units Ord Shs
OTCMKTS: UNTC
34.25 USD −0.75 (2.14%)
Williams Companies Inc
29.16 USD+0.16 (0.55%)
Oil prices finish higher to score a 4th-straight monthly gain - MarketWatch
 The Texas Energy Report indicated some other energy stocks fared well in Wednesday’s trading with Cheniere Energy and EOG Resources each seeing gains of more than 3%.

Apache (APA) up 0.59 at 27.45 – change 2.19%

Cheniere (LNG) down 4.14 at 104.15 – change 3.83%

Chevron (CVX) up 1.46 at 113.16 – change 1.30%

ConocoPhillips (COP) up 0.70 at 76.02 – change 0.96%

Diamondback Energy (FANG) up 0.21 at 111.15 – change 0.18%

Energy Transfer LP (ET) up 0.12 at 10.19 – change 1.19%

Enterprise Products Partners (EPD) up 0.22 at 24.69 – change 0.89%

EOG Resources (EOG) up 2.94 at 93.10 – change 3.26%

ExxonMobil (XOM) up 0.35 at 63.85 – change 0.55%

Kinder Morgan (KMI) up 0.20 at 18.64 – change 1.08%

Marathon Oil Corp. (MRO) up 0.10 at 16.48 – change 0.61%

National Oilwell Varco (NOV) up 0.15 at 15.50 – change 0.97%

Occidental Petroleum (OXY) up 0.42 at 33.36 – change 1.27%

Phillips 66 (PSX) up 0.54 at 83.32 – change 0.65%

Pioneer Natural Resources (PXD) up 1.15 at 192.05 – change 0.60%

Valero (VLO) up 0.89 at 81.04 – change 1.11%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.10 at 84.90 – change 1.31%

CenterPoint (CNP) up 0.47 at 26.63 – change 1.79%

Entergy (ETR) up 1.99 at 104.05 – change 1.94%

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