Anxious to see whether OPEC ministers will keep a steady pace in raising oil supplies, investors didn’t back away from putting their money in crude oil futures on Friday. They also liked what they saw in Oklahoma energy stocks as oil finished just short of a three-year high.
West Texas Intermediate crude for November delivery rose 85 cents to settle at $75.88 a barrel.
Global benchmark Brent crude went up 97 cents or 1.2% to finish the day at $79.28 in its fourth weekly rise.
Investors await Monday’s meeting of OPEC+ as the group is under growing pressure from the Biden administration as well as India to produce more oil to help lower prices.
Apache (APA) up 0.37 at 21.80 – change 1.72%
Cabot Oil & Gas (COG) up 0.49 at 22.25 – change 2.25%
Cheniere (LNG) up 1.15 at 98.83 – change 1.18%
Chevron (CVX) up 2.88 at 104.33 – change 2.83%
ConocoPhillips (COP) up 2.33 at 70.09 – change 3.43%
Diamondback Energy (FANG) up 4.19 at 98.86 – change 4.42%
Energy Transfer LP (ET) up 0.17 at 9.75 – change 1.77%
Enterprise Products Partners (EPD) up 0.16 at 21.80 – change 0.73%
EOG Resources (EOG) up 3.64 at 83.91 – change 4.53%
ExxonMobil (XOM) up 2.11 at 60.93 – change 3.58%
Kinder Morgan (KMI) up 0.18 at 16.91 – change 1.07%
Marathon Oil Corp. (MRO) up 0.56 at 14.24 – change 4.16%
National Oilwell Varco (NOV) up 0.37 at 13.48 – change 2.82%
Occidental Petroleum (OXY) up 1.57 at 31.15 – change 5.30%
Phillips 66 (PSX) up 2.54 at 72.56 – change 3.62%
Pioneer Natural Resources (PXD) up 8.17 at 174.68 – change 4.90%
Valero (VLO) up 3.05 at 73.62 – change 4.32%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.20 at 81.38 – change 0.24%
CenterPoint (CNP) up 0.30 at 24.90 – change 1.21%
Entergy (ETR) up 0.06 at 99.37 – change 0.06%