Big rebound for oil prices and for some OK energy stocks

AAA says Crude Oil Prices Hit Highest Price Point in Nine Months - Clarksville Online

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.

Alliance Resource Partners, L.P.
NASDAQ: ARLP
Follow
10.19 USD +0.18 (1.80%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
Follow
3.30 USD −0.0100 (0.30%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
Follow
59.79 USD −0.54 (0.90%)
Continental Resources, Inc.
NYSE: CLR
Following
44.13 USD +1.20 (2.80%)
Coterra Energy Inc
NYSE: CTRA
Follow
19.64 USD −0.57 (2.82%)
Cypress Environmental Partners LP
NYSE: CELP
Follow
1.10 USD −0.040 (3.51%)
Devon Energy Corp
NYSE: DVN
Follow
42.36 USD +0.59 (1.41%)
Gulfport Energy Corp
NYSE: GPOR
Follow
65.01 USD −1.10 (1.66%)
Helmerich & Payne, Inc.
NYSE: HP
Following
22.31 USD +0.78 (3.62%)
LSB Industries, Inc.
NYSE: LXU
Follow
8.92 USD −0.070 (0.78%)
Laredo Petroleum Inc
NYSE: LPI
Follow
61.28 USD +5.95 (10.75%)
Magellan Midstream Partners, L.P.
NYSE: MMP
Follow
45.51 USD −0.020 (0.044%)
Mammoth Energy Services Inc
NASDAQ: TUSK
Follow
2.11 USD +0.11 (5.50%)
Matrix Service Co
NASDAQ: MTRX
Follow
8.58 USD +0.27 (3.25%)
NGL Energy Partners LP
NYSE: NGL
Follow
2.12 USD +0.12 (6.27%)
OGE Energy Corp.
NYSE: OGE
Follow
36.65 USD +0.71 (1.96%)
ONE Gas Inc
NYSE: OGS
Follow
69.60 USD +2.97 (4.47%)
ONEOK, Inc.
NYSE: OKE
Follow
60.89 USD +0.90 (1.49%)
Ovintiv Inc
NYSE: OVV
Follow
33.32 USD +0.62 (1.90%)
PHX Minerals Inc
NYSE: PHX
Follow
2.47 USD +0.15 (6.70%)
SandRidge Energy Inc.
NYSE: SD
Follow
9.78 USD −0.020 (0.20%)
Units Ord Shs
OTCMKTS: UNTC
Follow
33.81 USD −0.090 (0.27%)
Williams Companies Inc
NYSE: WMB
Follow
27.32 USD +0.21 (0.77%)
oil prices: Oil price rises after surprise drop in US inventories offsets demand concerns, Auto News, ET Auto
 The Texas Energy Report indicated other stocks rebounded too.

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%