Crude prices and OK energy stocks rose Monday

 

The G7 ponders capping oil prices to deny Russia revenues. How would it work? - The New York Times

 

The possibility of tighter oil supplies drove crude prices up on Monday by nearly $2 a barrel. It came while the Group of Seven nations promised to put the squeeze on Russia’s Putin as he presses his war on Ukraine.

As a result, Oklahoma energy stocks made strong gains for the day with a handful of firms seeing 8 and 9% increases for the day.

West Texas Intermediate crude for August delivery went up $1.95 and settled at $109.57 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude, also for August delivery, increased $1.97 to finish at $115.09 a barrel on ICE Futures Europe.

July natural gas rose 28 cents to $6.50 per 1,000 cubic feet.

Monday also proved to be a strong day for Oklahoma energy stocks with SandRidge Energy gaining 9% and Devon Energy and Unit Corporation seeing about 8% gains.

Alliance Resource Partners, L.P.
18.56 USD+0.97 (5.51%)
Blueknight Energy Partners LP Common Stock
4.52 USD0.00 (0.00%)
Chesapeake Energy Ord Shs
85.20 USD+1.40 (1.67%)
Continental Resources, Inc.
67.28 USD+2.06 (3.16%)
Coterra Energy Inc
27.03 USD+0.68 (2.58%)
Devon Energy Corp
57.79 USD+3.99 (7.42%)
Gulfport Energy Corp
85.58 USD+8.44 (10.94%)
Helmerich & Payne, Inc.
43.88 USD−0.0100 (0.023%)
LSB Industries, Inc.
14.09 USD+0.65 (4.84%)
Laredo Petroleum Inc
76.12 USD+4.00 (5.55%)
Magellan Midstream Partners, L.P.
47.57 USD+0.050 (0.11%)
Mammoth Energy Services Inc
2.20 USD−0.030 (1.35%)
Matrix Service Co
5.58 USD+0.16 (2.95%)
NGL Energy Partners LP
1.62 USD+0.030 (1.89%)
OGE Energy Corp.
38.19 USD+0.58 (1.54%)
ONE Gas Inc
81.10 USD+2.64 (3.36%)
ONEOK, Inc.
56.67 USD+2.10 (3.85%)
Ovintiv Inc
47.28 USD+1.85 (4.07%)
PHX Minerals Inc
3.21 USD+0.16 (5.25%)
SandRidge Energy Inc.
17.39 USD+1.41 (8.82%)
Unit Corp
51.00 USD+3.75 (7.94%)
Williams Companies Inc
30.59 USD+0.54 (1.80%)
Permian Basin sees continued growth, mergers amid high oil prices
Other energy stocks also had an upbeat day according to the Texas Energy Report.

Apache (APA) up 1.02 at 37.47 – change 2.79%

Cheniere (LNG) up 4.44 at 131.02 – change 3.50%

Chevron (CVX) up 2.80 at 147.57 – change 1.93%

ConocoPhillips (COP) up 2.02 at 92.23 – change 2.23%

Diamondback Energy (FANG) up 4.69 at 124.39 – change 3.91%

Energy Transfer LP (ET) up 0.04 at 10.14 – change 0.39%

Enterprise Products Partners (EPD) up 0.15 at 24.14 – change 0.62%

EOG Resources (EOG) up 3.17 at 113.76 – change 2.86%

ExxonMobil (XOM) up 2.13 at 89.03 – change 2.45%

Kinder Morgan (KMI) up 0.35 at 16.82 – change 2.12%

Marathon Oil Corp. (MRO) up 1.07 at 23.12 – change 4.85%

National Oilwell Varco (NOV) up 0.46 at 16.69 – change 2.83%

Occidental Petroleum (OXY) up 1.38 at 58.90 – change 2.39%

Phillips 66 (PSX) up 3.00 at 87.20 – change 3.56%

Pioneer Natural Resources (PXD) up 6.69 at 230.17 – change 2.99%

Tellurian Inc. (TELL) up 0.21 at 3.11 – change 7.24%

Valero (VLO) up 8.31 at 112.24 – change 7.99%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.38 at 94.98 – change 1.47%

CenterPoint (CNP) up 0.14 at 28.99 – change 0.48%

Entergy (ETR) up 1.41 at 111.96 – change 1.27%

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