Crude oil prices managed a turnaround in Thursday’s trading as U.S. prices finished back above $100 a barrel while Oklahoma energy stocks made big gains.
West Texas Intermediate crude for August delivery rebounded by $4.20 a barrel to close at $102.73 on the New York Mercantile Exchange.
Global benchmark Brent crude for September delivery gained $3.96 and finished at $104.65 a barrel on ICE Futures Europe.
August natural gas rose 79 cents to $6.30 per 1,000 cubic feet.
Thursday’s trading resulted in some major gains for Oklahoma energy stocks including a more than 10% increase for Ovintiv, 9% for SandRidge and 7% for Gulfport Energy.
Other energy stocks scored a big day on Thursday including Tellurian with a more than 10% gain for the day according to the Texas Energy Report.
Apache (APA) up 2.50 at 34.51 – change 7.81%
Cheniere (LNG) up 7.53 at 131.94 – change 6.05%
Chevron (CVX) up 2.74 at 143.52 – change 1.94%
ConocoPhillips (COP) up 3.01 at 86.35 – change 3.61%
Diamondback Energy (FANG) up 6.02 at 116.30 – change 5.45%
Energy Transfer LP (ET) up 0.33 at 9.86 – change 3.45%
Enterprise Products Partners (EPD) up 0.96 at 24.57 – change 4.06%
EOG Resources (EOG) up 4.16 at 105.07 – change 4.12%
ExxonMobil (XOM) up 2.66 at 85.94 – change 3.19%
Kinder Morgan (KMI) up 0.53 at 16.89 – change 3.23%
Marathon Oil Corp. (MRO) up 1.14 at 21.83 – change 5.56%
National Oilwell Varco (NOV) up 0.54 at 16.50 – change 3.38%
Occidental Petroleum (OXY) up 2.36 at 61.47 – change 3.99%
Phillips 66 (PSX) up 3.01 at 82.54 – change 3.78%
Pioneer Natural Resources (PXD) up 5.74 at 216.67 – change 2.72%
Tellurian Inc. (TELL) up 0.31 at 3.15 – change 10.91%
Valero (VLO) up 4.63 at 106.34 – change 4.55%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.29 at 94.52 – change 0.30%
CenterPoint (CNP) up 0.03 at 29.31 – change 0.11%
Entergy (ETR) down 0.77 at 110.60 – change 0.70%