A tight supply as well as optimism that the spread of the Omicron variant won’t derail a global demand recovery prompted crude oil prices to soar 4% on Tuesday. Oklahoma energy stocks soared too.
West Texas Intermediate crude for February delivery went up 10 cents to $81.32, a change of 0.12% in trading on the New York Mercantile Exchange.
Global benchmark Brent crude increased 3.52% or $2.85 to finish at $83.72 a barrel on ICE Futures Europe.
Natural gas slid 3 cents to $4.22 per 1,000 cubic feet, a drop of 0.71%.
Major gains were recorded by Oklahoma energy stocks including a nearly 9% jump by Laredo Petroleum and 8% by Unit Corporation.
Apache (APA) up 2.58 at 32.00 – change 8.76%
Cheniere (LNG) up 3.22 at 111.17 – change 2.98%
Chevron (CVX) up 2.86 at 127.97 – change 2.28%
ConocoPhillips (COP) up 2.56 at 83.59 – change 3.15%
Diamondback Energy (FANG) up 3.01 at 124.36 – change 2.48%
Energy Transfer LP (ET) up 0.21 at 9.33 – change 2.30%
Enterprise Products Partners (EPD) up 0.36 at 23.92 – change 1.52%
EOG Resources (EOG) up 4.13 at 102.20 – change 4.32%
ExxonMobil (XOM) up 2.88 at 71.34 – change 4.20%
Kinder Morgan (KMI) up 0.18 at 17.61 – change 1.03%
Marathon Oil Corp. (MRO) up 0.92 at 18.66 – change 5.18%
National Oilwell Varco (NOV) up 0.76 at 15.97 – change 4.99%
Occidental Petroleum (OXY) up 2.31 at 34.70 – change 7.16%
Phillips 66 (PSX) up 2.29 at 86.15 – change 2.73%
Pioneer Natural Resources (PXD) up 4.88 at 204.00 – change 2.45%
Valero (VLO) up 2.82 at 83.85 – change 3.48%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.73 at 89.77 – change 0.81%
CenterPoint (CNP) down 0.29 at 27.40 – change 1.05%
Entergy (ETR) down 2.96 at 108.74 – change 2.65%
