With apparent word that the Omicron COVID-19 variant might be as damaging to the world economy and demand for crude oil as first thought, crude prices rose nearly 5% on Monday. It was also a day for higher Oklahoma energy stock prices.
Symptoms from the variant are reportedly seen as mostly mild and some OPEC member countries thought that was a sign of confidence in the market.
As a result, global benchmark Brent crude went up $3.20 or 4.6% a barrel to settle at $73.08 on ICE Futures Europe.
In the U.S, West Texas Intermediate crude rose $3.23 or 4.9% and finished the day at $69.49 a barrel on the New York Mercantile Exchange.
Oklahoma energy stocks also rebounded in trading with Laredo Petroleum recording a nearly 11% gain. PHX Minerals and NGL Energy both had more than 6% gains for the day.
Apache (APA) up 0.27 at 25.85 – change 1.05%
Cheniere (LNG) down 1.86 at 105.37 – change 1.79%
Chevron (CVX) up 1.79 at 116.20 – change 1.56%
ConocoPhillips (COP) up 1.70 at 72.81 – change 2.39%
Diamondback Energy (FANG) up 2.23 at 108.23 – change 2.10%
Energy Transfer LP (ET) down 0.05 at 8.18 – change 0.61%
Enterprise Products Partners (EPD) down 0.15 at 21.06 – change 0.71%
EOG Resources (EOG) up 1.58 at 87.57 – change 1.83%
ExxonMobil (XOM) up 0.69 at 61.58 – change 1.13%
Kinder Morgan (KMI) up 0.19 at 15.78 – change 1.21%
Marathon Oil Corp. (MRO) up 0.31 at 15.60 – change 2.02%
National Oilwell Varco (NOV) up 0.54 at 12.40 – change 4.55%
Occidental Petroleum (OXY) up 0.68 at 29.84 – change 2.33%
Phillips 66 (PSX) up 1.07 at 71.06 – change 1.52%
Pioneer Natural Resources (PXD) up 2.63 at 179.52 – change 1.48%
Valero (VLO) up 0.70 at 70.41 – change 1.00%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.14 at 83.49 – change 1.39%
CenterPoint (CNP) up 0.77 at 27.72 – change 2.85%
Entergy (ETR) up 1.66 at 104.92 – change 1.60%