Crude oil hits $71

Crude oil prices up, on larger than expected plunge in U.S oil stockpiles | Nairametrics

 

Crude oil prices made another big stride in Wednesday’s trading as they hit $71 overseas and nearly $69 in the U.S.

Global benchmark Brent crude for August delivery went up $1.10 to reach $71.35 a barrel in ICE Futures Europe.

West Texas Intermediate crude oil for July deliver rose $1.11 to hit $68.83 a barrel in trading on the New York Mercantile Exchange.

July natural gas fell 2 cents to $3.08 per 1,000 cubic feet.

Two Oklahoma energy companies recorded big gains for the day.

NGL Energy Partners LP gained 12.10% on a 30 cent climb to $2.78 for the day.
SandRidge Energy Inc. rose 50 cents for a gain of 8.85% to $6.09.
2.78 USD+0.30 (12.10%)
Alliance Resource Partners, L.P. increased 2 cents for a 0.32% gain to $6.24.
Blueknight Energy Partners LP dropped 4 cents for a 0.97% loss to $4.08.
Chesapeake Energy lost 2.665 on a fall of $1.46 to $53.42.
Cimarex Energy Co. jumped $2.83 for a 4.15% gain to $70.96.
Continental Resources, Inc. gained 1.13% on a 40 cent hike to $35.84.
Cypress Environmental Partners LP rose 12 cents for a 5.31% gain to $2.38.
Devon Energy Corp rose 60 cents to $30.80 for a gain of 1.99%.
Enable Midstream Partners LP finished at $8.89 with a 15 cent climb and a 1.72% gain.
Gulfport Energy Operating Corp. fell 3 cents to $63.50 for a loss of 0.047%.
Helmerich & Payne, Inc. finished up $2.29 at $32.35 for a 7.62% gain.
LSB Industries, Inc. lost 0.91% on a 6 cent slide to $6.52.
Laredo Petroleum Inc gained 3.44% on a $2.17 increase to $65.28.
Magellan Midstream Partners, LP finished up 81 cents for a 1.61% gain to $51.14.
Mammoth Energy Services Inc. gained 1.04% as shares rose 4 cents to $3.90.
Matrix Service Co increased 5 cents for a 0.45% gain to $11.14.
OGE Energy Corp. lost 0.58% on a 20 cent fall to $34.04.
ONE Gas Inc. jumped 45 cents to $74.84 for a 0.60% gain.
ONEOK, Inc. rose 49 cents for a 0.91% gain to $54.25.
Ovintiv Inc. finished up 52 cents for a 1.79% gain to $29.61.
PHX Minerals Inc settled at $3.15 with a 14 cent increase and a 4.65% gain.
Unit Corporation added $1 for a 6.45% gain to $16.50.
Williams Companies Inc’s shares rose 40 cents for a 1.49% gain to $27.29.
image.cnbcfm.com/api/v1/image/106871871-1619030...

The Texas Energy Report showed how other energy companies did for the day.

Cabot Oil & Gas (COG) up 0.58 at 17.04 – change 3.52%

Chevron (CVX) up 1.46 at 108.08 – change 1.37%

ConocoPhillips (COP) up 0.75 at 58.99 – change 1.29%

Diamondback Energy (FANG) down 0.17 at 86.44 – change 0.20%

Energy Transfer LP (ET) up 0.21 at 10.47 – change 2.05%

Enterprise Products Partners (EPD) up 0.23 at 24.30 – change 0.96%

EOG Resources (EOG) up 0.68 at 85.27 – change 0.80%

ExxonMobil (XOM) up 0.48 at 60.94 – change 0.79%

Kinder Morgan (KMI) up 0.26 at 18.77 – change 1.40%

Marathon Oil Corp. (MRO) up 0.13 at 13.89 – change 0.94%

National Oilwell Varco (NOV) up 0.48 at 17.44 – change 2.83%

Occidental Petroleum (OXY) up 0.75 at 29.23 – change 2.63%

Phillips 66 (PSX) up 2.79 at 89.62 – change 3.21%

Pioneer Natural Resources (PXD) up 5.20 at 166.58 – change 3.22%

Valero (VLO) up 2.21 at 84.39 – change 2.69%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.55 at 85.65 – change 0.65%

CenterPoint (CNP) down 0.02 at 25.09 – change 0.08%

Entergy (ETR) up 0.05 at 104.68 – change 0.48%