With a growing demand for more fuel across the globe, oil prices on Monday saw a 1.5% gain for the day and in the U.S. they reached the $80 mark. Oklahoma energy stocks didn’t have the same kind of day.
West Texas Intermediate crude went up $1.15 or 1.5% and finished the day at $80.52, the highest level since 2014 when it reached more than $82 a barrel.
Global benchmark Brent crude also saw a 1.5% gain for the day as the price rose $1.26 and closed at $83.65 a barrel, its highest mark since October 2018 when the price hit $84.60.
Analysts say oil companies have resorted to putting their money into dividends and cleaner energy and as a result, production has been slowed somewhat despite the worldwide pace of an economic recovery.
Despite hitting the $80 price in the U.S., Oklahoma energy stocks didn’t have the same kind of response. A few, Blueknight Energy Partners and Chesapeake Energy recorded 5% gains but for others, the day proved to be fairly weak.
Apache (APA) up 0.06 at 24.42 – change 0.24%
Cheniere (LNG) up 1.96 at 101.63 – change 1.96%
Chevron (CVX) down 0.92 at 107.13 – change 0.86%
ConocoPhillips (COP) down 0.95 at 73.97 – change 1.27%
Diamondback Energy (FANG) up 0.83 at 110.73 – change 0.75%
Energy Transfer LP (ET) down 0.01 at 9.93 – change 0.11%
Enterprise Products Partners (EPD) down 0.01 at 23.50 – change 0.05%
EOG Resources (EOG) down 0.37 at 90.16 – change 0.41%
ExxonMobil (XOM) down 0.62 at 61.56 – change 1.00%
Kinder Morgan (KMI) up 0.27 at 17.73 – change 1.54%
Marathon Oil Corp. (MRO) down 0.12 at 15.95 – change 0.75%
National Oilwell Varco (NOV) down 0.09 at 14.53 – change 0.62%
Occidental Petroleum (OXY) down 0.24 at 33.39 – change 0.72%
Phillips 66 (PSX) down 0.09 at 82.04 – change 0.11%
Pioneer Natural Resources (PXD) down 0.02 at 193.06 – change 0.02%
Valero (VLO) down 0.80 at 77.80 – change 1.02%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.07 at 82.51 – change 1.29%
CenterPoint (CNP) unchanged at 25.54 – change 0.00%
Entergy (ETR) down 0.51 at 102.68 – change 0.50%
