A two-month high was hit by U.S. crude prices in Wednesday’s trading as West Texas Intermediate crude settled above the $82 level. It also sent up some Oklahoma energy stocks.
WTI for February delivery went up $1.42 to $82.64 a barrel on the New York Mercantile Exchange.
Brent crude for March delivery rose 95 cents and finished at $84.67 a barrel in trading on ICE Futures Europe.
The price jump in both categories rose as crude inventories in the states fell to their lowest level since 2018 and concerns eased about the Omicron coronavirus variant.
February natural gas rose 61 cents to $4.86 per 1,000 cubic feet.
Some Oklahoma energy stocks had a strong day in trading including Mammoth Energy Services which had a nearly 9% gain. Coterra Energy went up nearly 6%. SandRidge Energy rose 7%.
Apache (APA) up 0.65 at 32.65 – change 2.03%
Cheniere (LNG) up 3.13 at 114.30 – change 2.81%
Chevron (CVX) down 0.64 at 127.33 – change 0.51%
ConocoPhillips (COP) up 0.81 at 84.40 – change 0.96%
Diamondback Energy (FANG) up 0.21 at 124.57 – change 0.16%
Energy Transfer LP (ET) up 0.30 at 9.63 – change 3.21%
Enterprise Products Partners (EPD) up 0.16 at 24.08 – change 0.66%
EOG Resources (EOG) up 0.56 at 102.77 – change 0.55%
ExxonMobil (XOM) down 0.21 at 71.14 – change 0.30%
Kinder Morgan (KMI) up 0.04 at 17.64 – change 0.22%
Marathon Oil Corp. (MRO) up 0.05 at 18.71 – change 0.26%
National Oilwell Varco (NOV) down 0.13 at 15.84 – change 0.82%
Occidental Petroleum (OXY) up 0.05 at 34.75 – change 0.14%
Phillips 66 (PSX) up 0.15 at 86.30 – change 0.17%
Pioneer Natural Resources (PXD) up 0.91 at 204.91 – change 0.44%
Valero (VLO) up 0.52 at 84.37 – change 0.62%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.52 at 90.29 – change 0.57%
CenterPoint (CNP) up 0.02 at 27.42 – change 0.07%
Entergy (ETR) up 0.50 at 109.24 – change 0.45%