OK energy stocks and crude oil prices made up lost ground in Wednesday’s trading

Wall Street traders in a happy mood - ABC News (Australian Broadcasting Corporation)

 

Thanks in part to large-than-expected drawdowns of U.S. fuel inventories, crude oil prices on Wednesday gained ground for a second day. Oklahoma energy stocks had a second straight day of large gains as well.

Analysts also attributed the increased prices to a rebound in consumer demand.

West Texas Intermediate crude for November delivery rose $3.65 a barrel or 4.7% to settle at $82.15 on the New York Mercantile Exchange.

Global benchmark Brent crude for November delivery gained $3.05 or 3.5% and closed at $89.32 a barrel on ICE Futures Europe.

The price increases came as oil prices have been down more than 22% in the third quarter and there is some speculation they might have bottomed out.

October natural gas rose 22 cents or 3.26% to $6.87 per 1,000 cubic feet.

Oklahoma energy stocks soared in Wednesday’s trading with some firms recording gains of 6, 7 and 8% or more such as LSB Industries with a nearly 12% increase for the day.

 

 Alliance Resource Partners, L.P.
23.99 USD+1.45 (6.43%)
Chesapeake Energy Ord Shs
95.49 USD+3.60 (3.92%)
Continental Resources, Inc.
66.98 USD+3.31 (5.20%)
Coterra Energy Inc
26.66 USD+1.15 (4.51%)
Devon Energy Corp
60.05 USD+3.88 (6.91%)
Empire Petroleum Corporation
13.15 USD+0.14 (1.08%)
Gulfport Energy Corp
89.44 USD+4.95 (5.86%)
Helmerich & Payne, Inc.
38.58 USD+2.34 (6.46%)
LSB Industries, Inc.
15.69 USD+1.63 (11.59%)
Laredo Petroleum Inc
62.33 USD+7.18 (13.02%)
Magellan Midstream Partners, L.P.
48.17 USD+1.67 (3.59%)
Mammoth Energy Services Inc
3.35 USD+0.19 (6.01%)
Matrix Service Co
3.96 USD+0.50 (14.45%)
NGL Energy Partners LP
1.33 USD+0.070 (5.56%)
OGE Energy Corp.
38.83 USD+0.68 (1.78%)
ONE Gas Inc
75.81 USD+1.76 (2.38%)
ONEOK, Inc.
52.94 USD+1.96 (3.84%)
Ovintiv Inc
44.71 USD+3.35 (8.10%)
PHX Minerals Inc
3.23 USD+0.22 (7.31%)
SandRidge Energy Inc.
16.27 USD+1.18 (7.82%)
Unit Corp
53.75 USD+2.25 (4.37%)
Williams Companies Inc
29.41 USD+0.87 (3.05%)
Today's Photos: Oct. 3 - WSJ
 Other energy stocks had the same kind of trading day with some making gains of 6%, 7% and 8% according to the Texas Energy Report.

Apache (APA) up 1.99 at 34.67 – change 6.08%

Cheniere (LNG) up 10.60 at 163.16 – change 6.94%

Chevron (CVX) up 4.76 at 145.78 – change 3.37%

ConocoPhillips (COP) up 5.64 at 103.00 – change 5.79%

Diamondback Energy (FANG) up 5.91 at 119.40 – change 5.20%

Energy Transfer LP (ET) up 0.62 at 11.11 – change 5.91%

Enterprise Products Partners (EPD) up 0.70 at 24.05 – change 2.99%

EOG Resources (EOG) up 6.28 at 111.73 – change 5.95%

ExxonMobil (XOM) up 3.12 at 88.86 – change 3.63%

Kinder Morgan (KMI) up 0.51 at 16.84 – change 3.12%

Marathon Oil Corp. (MRO) up 1.28 at 22.67 – change 5.98%

National Oilwell Varco (NOV) up 0.36 at 15.21 – change 2.42%

Occidental Petroleum (OXY) up 2.88 at 61.41 – change 4.92%

Phillips 66 (PSX) up 5.18 at 81.40 – change 6.79%

Pioneer Natural Resources (PXD) up 8.36 at 215.14 – change 4.04%

Tellurian Inc. (TELL) up 0.11 at 2.50 – change 4.58%

Valero (VLO) up 7.63 at 108.80 – change 7.54%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.70 at 93.56 – change 0.75%

CenterPoint (CNP) up 0.26 at 30.15 – change 0.86%

Entergy (ETR) up 2.02 at 107.83 – change 1.91%

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