Oil prices rebounded again in trading on Tuesday but not enough to relieve the concern of the nation’s oil and gas industry as prices still remained in the $20s.
West Texas Intermediate crude rose 97 cents a barrel, finishing the day at $24.33, a change of 4.15%. Brent crude rose 57 cents in trading, ending the day at $27.60 a barrel, a 2.11% change.
Natural gas finished the day in trading on the New York Mercantile Exchange up 8 cents at $1.68.
Of energy companies with Oklahoma ties, ConocoPhillips saw a jump of $6.19 a share on Tuesday, finishing the day at $44.25 or a 16.35% change.
Chesapeake Energy rose 2 cents and ended trading at $0.199 per share.
SandRidge Energy rose 4 cents a share and finished at 86 cents.
Devon Energy added $1.23 and finished at $7.41 a share for a change of 19.90%. Devon’s shares had a Tuesday high of $7.63 before settling 22 cents lower.
Marathon Oil was up 26 cents and finished at $3.61.
ONEOK in Tulsa saw a jump of $2.45 before finishing the day at $22.05 for a change of 12.50%.
American Electric Power, parent company to PSO ended $2.04 a share higher at $72.05.