Crude oil prices in Europe settled above the $100 mark in Monday’s trading as the fighting grows in Ukraine where Russian soldiers attempt to surround the capitol of Kyiv. Oklahoma energy stocks soared along with the increase in crude.
Global benchmark Brent crude for April delivery went up $3.06 and finished the day at $100.99 a barrel on ICE Futures Europe. The more heavily traded May contract increased $3.85 and closed at $97.97 a barrel.
West Texas Intermediate crude for April delivery had an even bigger increase at $4.13 and finished Monday’s trading at $95.72 a barrel in trading on the New York Mercantile Exchange.
April natural gas fell 7 cents to $4.40 per 1,000 cubic feet.
The impact on Oklahoma energy stocks was obvious—all but one of the locals saw gains for the day including a more than 17% gain for Cypress Environmental Partners along with 8% for Devon Energy, 6% for Continental Resources and 11% for Ovintiv.
Apache (APA) up 1.96 at 35.63 – change 5.82%
Cheniere (LNG) up 3.65 at 132.90 – change 2.82%
Chevron (CVX) up 3.62 at 144.00 – change 2.57%
ConocoPhillips (COP) up 3.59 at 94.86 – change 3.93%
Diamondback Energy (FANG) up 4.83 at 138.10 – change 3.62%
Energy Transfer LP (ET) up 0.35 at 10.14 – change 3.57%
Enterprise Products Partners (EPD) up 0.62 at 24.42 – change 2.60%
EOG Resources (EOG) up 7.64 at 114.92 – change 7.12%
ExxonMobil (XOM) up 0.57 at 78.42 – change 0.74%
Kinder Morgan (KMI) up 0.33 at 17.39 – change 1.93%
Marathon Oil Corp. (MRO) up 0.68 at 22.56 – change 3.10%
National Oilwell Varco (NOV) up 0.22 at 17.14 – change 1.29%
Occidental Petroleum (OXY) up 4.99 at 43.73 – change 12.88%
Phillips 66 (PSX) down 0.45 at 84.24 – change 0.54%
Pioneer Natural Resources (PXD) up 10.32 at 239.60 – change 4.50%
Valero (VLO) down 1.36 at 83.51 – change 1.61%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.19 at 90.65 – change 1.33%
CenterPoint (CNP) down 0.03 at 27.35 – change 0.11%
Entergy (ETR) down 0.37 at 105.21 – change 0.36%
