Friday rebound still leaves oil less than $30



A Friday White House meeting between President Trump and oil leaders, including Oklahomans Harold Hamm and Dave Hager came as oil prices rebounded more than 3 dollars, settling at just under $30 a barrel.

West Texas Intermediate crude rose $3.02 in Friday’s trading before ending the day at $28.34, up nearly 8 dollars from earlier in the week when WTI nearly hit an even $20.

Brent crude rose $4.71 hitting $34.65 a barrel. Natural gas prices on the New York Mercantile Exchange were up 7 cents to hit $1.62 per million BTU.

The day’s trading saw American Electric Power, parent to PSO lose $4.29 a share, ending Friday at $72.50.

Oklahoma City’s Chesapeake Energy was unchanged at only 17 cents a share while SandRidge Energy lost 3 cents to finish at 79 cents a share.

Devon Energy, whose chairman and CEO Dave Hager was at the White House meeting with the President and oil leaders saw a 59 cent increase to settle at $8.38 a share. The company’s previous close was $7.79 on Thursday.

NGL Energy Partners saw a 10 cent drop to $2.03 while ConocoPhillips lost 95 cents and ended the day at $32.90.

Marathon Oil gained 18 cents and finished at $3.65 while ONEOK added a penny and ended the day’s trading at $21.64.