After Monday’s slump, oil prices rebounded with a 3% gain on Tuesday but analysts say investors remain cautious about the impact of the Omicron coronavirus variant on holiday travel plans. The rebound was also seen by Oklahoma energy stocks.
West Texas Intermediate crude oil for February delivery went up $2.89 to finish the day at $71.12 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for February delivery rose $2.46 to $73.98 a barrel on ICE Futures Europe.
January natural gas increased 4 cents to $3.87 per 1,000 cubic feet.
Most Oklahoma energy stocks had a strong rebound for the day ranging from a 13% gain by Laredo Petroleum to 11% by LSB Industries and 8% by Devon Energy.
Helmerich & Payne, Inc.
ONEOK, Inc.
Apache (APA) up 1.40 at 25.34 – change 5.84%
Cheniere (LNG) up 4.45 at 105.57 – change 4.40%
Chevron (CVX) up 1.82 at 115.47 – change 1.60%
ConocoPhillips (COP) up 2.08 at 70.68 – change 3.03%
Diamondback Energy (FANG) up 5.78 at 104.90 – change 5.83%
Energy Transfer LP (ET) down 0.08 at 8.18 – change 0.85%
Enterprise Products Partners (EPD) up 0.24 at 20.97 – change 1.15%
EOG Resources (EOG) up 2.77 at 86.35 – change 3.31%
ExxonMobil (XOM) up 1.34 at 60.50 – change 2.24%
Kinder Morgan (KMI) up 0.42 at 15.66 – change 2.75%
Marathon Oil Corp. (MRO) up 0.90 at 15.76 – change 6.05%
National Oilwell Varco (NOV) up 0.60 at 13.41 – change 4.68%
Occidental Petroleum (OXY) up 1.62 at 28.60 – change 6.00%
Phillips 66 (PSX) up 2.71 at 72.14 – change 3.90%
Pioneer Natural Resources (PXD) up 5.28 at 177.93 – change 3.05%
Valero (VLO) up 2.63 at 71.31 – change 3.82%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.48 at 86.75 – change 0.56%
CenterPoint (CNP) up 0.30 at 27.30 – change 1.11%
Entergy (ETR) down 0.18 at 109.27 – change 0.17%