After slipping on Monday, crude oil prices rebounded Tuesday reaching more than $85 a barrel in the U.S. and $88 a barrel overseas, largely due to the growing tensions in Europe over Russia’s invasion threat against Ukraine. Oklahoma energy stocks responded in a big way with some seeing large gains for the day.
West Texas Intermediate crude for March delivery bounced back $2.29 or 2.75% to settle at $85.60 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for March delivery rose $1.93 or nearly 2% and closed at $88.20 a barrel on ICE Futures Europe.
February natural gas rose 2 cents to $4.05 per 1,000 cubic feet.
Some Oklahoma energy stocks soared in Tuesday’s trading including Cypress Environmental Partners with a 16% gain, a 9% jump for Continental Resources and a 6% gain for Devon Energy.
Alliance Resource Partners, L.P.
Blueknight Energy Partners LP Common Stock
Chesapeake Energy Ord Shs
Continental Resources, Inc.
Cypress Environmental Partners LP
Magellan Midstream Partners, L.P.
Mammoth Energy Services Inc
Other energy stocks had a big rebound day as well reported the
Texas Energy Report. Some stocks had more than 8% gains for the day.
Apache (APA) up 2.52 at 33.07 – change 8.28%
Cheniere (LNG) up 4.75 at 109.88 – change 4.51%
Chevron (CVX) up 5.41 at 132.59 – change 4.25%
ConocoPhillips (COP) up 4.09 at 87.11 – change 4.92%
Diamondback Energy (FANG) up 7.56 at 126.98 – change 6.33%
Energy Transfer LP (ET) up 0.11 at 9.28 – change 1.19%
Enterprise Products Partners (EPD) up 0.54 at 24.19 – change 2.28%
EOG Resources (EOG) up 4.63 at 106.94 – change 4.52%
ExxonMobil (XOM) up 2.14 at 74.93 – change 2.93%
Kinder Morgan (KMI) up 0.18 at 17.50 – change 1.03%
Marathon Oil Corp. (MRO) up 1.20 at 19.50 – change 6.55%
National Oilwell Varco (NOV) up 0.97 at 16.55 – change 6.22%
Occidental Petroleum (OXY) up 2.76 at 36.77 – change 8.11%
Phillips 66 (PSX) up 3.13 at 85.96 – change 3.77%
Pioneer Natural Resources (PXD) up 7.14 at 213.14 – change 3.46%
Valero (VLO) up 2.57 at 81.16 – change 3.27%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.16 at 88.96 – change 0.18%
CenterPoint (CNP) up 0.12 at 27.28 – change 0.44%
Entergy (ETR) down 0.52 at 107.67 – change 0.49%