Another increase in crude oil prices around the world occurred in Monday’s trading, again on growing optimism that China will see increased demand recovery over signs its coronavirus pandemic is receding in its major cities.
Oklahoma energy stocks reacted positively and some had gains ranging from 5 to 10%.
West Texas Intermediate crude for June delivery, considered the benchmark U.S. price, rose $3.71 or 3.36% and closed at $114.20 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for July delivery went up $2.69 or 2.41% and finished the day at $114.24 a barrel on ICE Futures Europe.
June natural gas rose 30 cents or 3.82% to $7.96 per 1,000 cubic feet.
It proved to be another strong day for Oklahoma energy stocks including Mammoth Energy where there was a nearly 10% gain and a more than 5% increase for Helmerich & Payne.
Apache (APA) up 1.26 at 41.41 – change 3.06%
Cheniere (LNG) up 1.24 at 136.77 – change 0.91%
Chevron (CVX) up 5.14 at 173.01 – change 3.06%
ConocoPhillips (COP) up 3.05 at 105.50 – change 2.97%
Diamondback Energy (FANG) down 2.13 at 131.30 – change 1.60%
Energy Transfer LP (ET) up 0.28 at 11.34 – change 2.62%
Enterprise Products Partners (EPD) up 0.38 at 26.46 – change 1.45%
EOG Resources (EOG) up 2.08 at 126.36 – change 1.67%
ExxonMobil (XOM) up 2.09 at 90.95 – change 2.35%
Kinder Morgan (KMI) up 0.65 at 19.39 – change 3.46%
Marathon Oil Corp. (MRO) up 0.98 at 27.98 – change 3.62%
National Oilwell Varco (NOV) up 0.69 at 18.35 – change 3.90%
Occidental Petroleum (OXY) up 3.64 at 67.72 – change 5.68%
Phillips 66 (PSX) up 2.48 at 97.08 – change 2.62%
Pioneer Natural Resources (PXD) up 6.89 at 268.77 – change 2.63%
Tellurian Inc. (TELL) up 0.08 at 4.30 – change 1.89%
Valero (VLO) up 3.08 at 127.78 – change 2.46%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.30 at 99.39 – change 0.31%
CenterPoint (CNP) down 0.06 at 30.97 – change 0.20%
Entergy (ETR) up 0.62 at 117.79 – change 0.52%