Crude oil prices made more significant gains on Friday reaching more than $82 a barrel in the U.S. and close to $85 a barrel in Europe. The question for investors is—will the march toward higher prices continue this week? Will the prices hold as worldwide demand grows.
Rig numbers have apparently responded accordingly as OK Energy Today reported elsewhere in our newsletter, noting how the number of active oil and gas rigs grew in the past week not only in Oklahoma but across the U.S.
What happened on Friday was a 97 cent or 1.19% jump for West Texas Intermediate crude for November delivery which finished the day at $82.28 a barrel.
Brent crude for December delivery, considered the global benchmark, increased 86 cents or 1.02% and closed for the day at $84.86 a barrel on ICE Futures Europe.
November natural gas slid 28 cents in price, finishing the day down nearly 5% at $5.41 per 1,000 cubic feet.
But what happened to Oklahoma energy stocks? They had a diversified response and those that saw gains weren’t outstanding while some saw significant losses such as SandRidge Energy where it fell nearly 7%.
Apache (APA) up 0.15 at 26.37 – change 0.57%
Cheniere (LNG) up 4.51 at 110.49 – change 4.26%
Chevron (CVX) up 0.80 at 109.61 – change 0.73%
ConocoPhillips (COP) up 0.28 at 74.14 – change 0.39%
Diamondback Energy (FANG) down 0.56 at 108.28 – change 0.51%
Energy Transfer LP (ET) up 0.05 at 9.99 – change 0.50%
Enterprise Products Partners (EPD) up 0.15 at 24.25 – change 0.62%
EOG Resources (EOG) down 0.95 at 89.62 – change 1.05%
ExxonMobil (XOM) up 0.59 at 62.59 – change 0.95%
Kinder Morgan (KMI) up 0.08 at 18.46 – change 0.43%
Marathon Oil Corp. (MRO) up 0.04 at 16.18 – change 0.24%
National Oilwell Varco (NOV) up 0.37 at 14.99 – change 2.53%
Occidental Petroleum (OXY) down 0.33 at 31.66 – change 1.04%
Phillips 66 (PSX) down 0.94 at 81.22 – change 1.15%
Pioneer Natural Resources (PXD) down 1.16 at 190.09 – change 0.61%
Valero (VLO) down 0.51 at 78.66 – change 0.65%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.57 at 83.49 – change 0.67%
CenterPoint (CNP) up 0.18 at 26.75 – change 0.67%
Entergy (ETR) down 1.23 at 102.25 – change 1.19%
