Will Friday’s weak gain in crude oil prices grow this week?

How the Oil Price Impact Forex Trading - Blackwell Global

 

Oil prices managed a weak improvement on Friday, ahead of the OPEC+ meet where output cuts were to be discussed. Investors also remained nervous about the massive COVID-19 shutdowns in China along with the growing weakness of the global economy.

West Texas Intermediate crude for October delivery rose 26 cents to close at $86.87 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for November delivery went up 66 cents and closed at $93.02 on ICE Futures Europe.

October natural gas fell 48 cents to $8.79 per 1,000 cubic feet.

Improved trading on Oklahoma energy stocks was seen on Friday with Helmerich & Payne jumping nearly 9% while Devon Energy recorded a 3% gain.

 

 Alliance Resource Partners, L.P.
25.65 USD+0.66 (2.64%)
Chesapeake Energy Ord Shs
99.74 USD+1.72 (1.75%)
Continental Resources, Inc.
69.57 USD+1.22 (1.78%)
Coterra Energy Inc
30.11 USD−0.12 (0.40%)
Devon Energy Corp
70.34 USD+2.18 (3.20%)
Empire Petroleum Corporation
14.88 USD−0.010 (0.067%)
Gulfport Energy Corp
99.25 USD+2.90 (3.01%)
Helmerich & Payne, Inc.
44.45 USD+3.49 (8.52%)
LSB Industries, Inc.
16.29 USD+1.12 (7.38%)
Laredo Petroleum Inc
73.40 USD+1.46 (2.03%)
Magellan Midstream Partners, L.P.
51.44 USD+0.32 (0.63%)
Mammoth Energy Services Inc
4.23 USD+0.12 (2.92%)
Matrix Service Co
5.52 USD+0.020 (0.36%)
NGL Energy Partners LP
1.50 USD+0.020 (1.35%)
OGE Energy Corp.
40.66 USD−0.35 (0.85%)
ONE Gas Inc
79.12 USD−0.23 (0.29%)
ONEOK, Inc.
60.55 USD+1.03 (1.73%)
Ovintiv Inc
52.77 USD+1.75 (3.43%)
PHX Minerals Inc
3.17 USD+0.020 (0.63%)
SandRidge Energy Inc.
20.15 USD+0.33 (1.66%)
Unit Corp
59.69 USD−0.010 (0.017%)
Williams Companies Inc
33.72 USD+0.14 (0.42%)
10,014 Crude Oil Trading Stock Photos, Pictures & Royalty-Free Images -  iStock

Other energy stocks saw gains on Friday according to the Texas Energy Report.

Apache (APA) up 0.88 at 38.79 – change 2.32%

Cheniere (LNG) up 5.61 at 162.36 – change 3.56%

Chevron (CVX) up 2.31 at 157.85 – change 1.48%

ConocoPhillips (COP) up 2.73 at 110.26 – change 2.53%

Diamondback Energy (FANG) up 3.57 at 133.87 – change 2.73%

Energy Transfer LP (ET) up 0.02 at 11.75 – change 0.17%

Enterprise Products Partners (EPD) up 0.12 at 26.29 – change 0.45%

EOG Resources (EOG) up 2.81 at 121.52 – change 2.36%

ExxonMobil (XOM) up 1.72 at 95.59 – change 1.83%

Kinder Morgan (KMI) up 0.05 at 18.22 – change 0.27%

Marathon Oil Corp. (MRO) up 0.79 at 25.71 – change 3.17%

National Oilwell Varco (NOV) up 0.66 at 17.72 – change 3.86%

Occidental Petroleum (OXY) up 0.37 at 68.77 – change 0.54%

Phillips 66 (PSX) up 2.13 at 88.46 – change 2.46%

Pioneer Natural Resources (PXD) up 2.52 at 241.76 – change 1.05%

Tellurian Inc. (TELL) up 0.23 at 4.08 – change 5.97%

Valero (VLO) up 3.18 at 113.82 – change 2.87%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.29 at 101.09 – change 1.27%

CenterPoint (CNP) down 0.17 at 31.78 – change 0.54%

Entergy (ETR) down 0.80 at 116.22 – change 0.69%