Crude oil prices rebounded again on Friday reaching their best weekly gain since August while some Oklahoma energy stocks made modest gains.
The advancement in crude prices was again attributed to easing concerns over the impact on global economic growth and fuel demand by the Omicron coronavirus variant.
West Texas Intermediate crude for January delivery went up 73 cents or 1.03% to settle at $71.67 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for February delivery rose 73 cents or nearly 1% and closed at $75.15 a barrel on ICE Futures Europe.
January natural gas also went up 12 cents or nearly 3% to $3.93 per 1,000 cubic feet.
Moderate gains best described how Oklahoma energy stocks performed on Friday with the lone exception of PHX Minerals where the firm recorded an 11% gain. Gains of 3% were recorded by Devon Energy, LSB Industries and Laredo Petroleum.
Alliance Resource Partners, L.P.
NASDAQ: ARLP
10.14 USD −0.050 (0.49%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
3.24 USD −0.020 (0.61%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
63.80 USD +0.48 (0.76%)
Continental Resources, Inc.
NYSE: CLR
45.92 USD +0.11 (0.24%)
Coterra Energy Inc
NYSE: CTRA
20.91 USD +0.095 (0.46%)
Cypress Environmental Partners LP
NYSE: CELP
1.17 USD −0.0100 (0.85%)
Devon Energy Corp
NYSE: DVN
43.42 USD +1.12 (2.65%)
Gulfport Energy Corp
NYSE: GPOR
67.18 USD −0.19 (0.28%)
Helmerich & Payne, Inc.
NYSE: HP
24.87 USD +0.50 (2.05%)
LSB Industries, Inc.
NYSE: LXU
9.37 USD +0.27 (2.97%)
Laredo Petroleum Inc
NYSE: LPI
69.69 USD +1.85 (2.73%)
Magellan Midstream Partners, L.P.
NYSE: MMP
45.50 USD +0.62 (1.38%)
Mammoth Energy Services Inc
NASDAQ: TUSK
2.04 USD −0.0100 (0.49%)
Matrix Service Co
NASDAQ: MTRX
8.44 USD −0.020 (0.24%)
NGL Energy Partners LP
NYSE: NGL
2.03 USD +0.0100 (0.50%)
OGE Energy Corp.
NYSE: OGE
35.93 USD +0.100 (0.28%)
PHX Minerals Inc
NYSE: PHX
2.65 USD +0.27 (11.34%)
SandRidge Energy Inc.
NYSE: SD
10.36 USD +0.14 (1.37%)
Units Ord Shs
OTCMKTS: UNTC
32.80 USD −0.10 (0.30%)
Williams Companies Inc
NYSE: WMB
26.64 USD +0.020 (0.075%)
The Texas Energy Report showed that of other energy stocks, Occidental Petroleum had the best gain with not quite 2% on Friday.
Apache (APA) up 0.64 at 26.67 – change 2.45%
Cheniere (LNG) up 0.87 at 103.04 – change 0.85%
Chevron (CVX) up 0.20 at 118.34 – change 0.16%
ConocoPhillips (COP) up 0.94 at 73.48 – change 1.29%
Diamondback Energy (FANG) up 0.85 at 111.18 – change 0.77%
Energy Transfer LP (ET) down 0.09 at 8.48 – change 1.06%
Enterprise Products Partners (EPD) up 0.33 at 21.41 – change 1.56%
EOG Resources (EOG) up 0.80 at 89.68 – change 0.90%
ExxonMobil (XOM) up 0.40 at 63.01 – change 0.63%
Kinder Morgan (KMI) up 0.15 at 16.16 – change 0.93%
Marathon Oil Corp. (MRO) up 0.18 at 16.22 – change 1.12%
National Oilwell Varco (NOV) up 0.15 at 13.67 – change 1.10%
Occidental Petroleum (OXY) up 0.53 at 30.77 – change 1.75%
Phillips 66 (PSX) up 0.22 at 72.52 – change 0.30%
Pioneer Natural Resources (PXD) up 1.15 at 184.25 – change 0.63%
Valero (VLO) up 0.54 at 70.84 – change 0.76%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.47 at 83.99 – change 0.56%
CenterPoint (CNP) up 0.33 at 27.87 – change 1.19%
Entergy (ETR) up 1.15 at 107.41 – change 1.09%