Crude oil rebounds as Europe remains nervous over Ukrainian crisis

Uncertain week ahead: Nervous markets hold their breath as Ukraine-Russia tensions reach boiling point

Crude oil prices rebounded in Wednesday’s trading as the Western World wonders if Russia really is pulling some troops back from the border of Ukraine or simply pulling a stalling tactic.

Prices went up more than 1% as investors wondered about the validity of reports that there had been a withdrawal of some Russian troops.

West Texas Intermediate crude for March delivery went back up $1.59 to $93.66 on the New York Mercantile Exchange.

Global benchmark Brent crude for April delivery rose $1.53 and closed at $94.81 a barrel on ICE Futures Europe.

March natural gas rose 41 cents to $4.72 per 1,000 cubic feet.

Oklahoma energy stocks had some modest gains in Wednesday’s trading but the standout was Devon Energy where it recorded a nearly 5% increase.

Alliance Resource Partners, L.P.
13.17 USD−0.36 (2.66%)
Blueknight Energy Partners LP Common Stock
3.52 USD−0.100 (2.76%)
Chesapeake Energy Ord Shs
66.57 USD−1.70 (2.49%)
Continental Resources, Inc.
54.19 USD−0.040 (0.074%)
Coterra Energy Inc
22.87 USD−0.060 (0.26%)
Cypress Environmental Partners LP
0.93 USD−0.00020 (0.022%)
Devon Energy Corp
53.85 USD+2.44 (4.75%)
Gulfport Energy Corp
63.70 USD−0.92 (1.42%)
Helmerich & Payne, Inc.
35.12 USD+0.86 (2.51%)
LSB Industries, Inc.
12.28 USD−0.44 (3.46%)
Laredo Petroleum Inc
71.73 USD−2.81 (3.77%)
Magellan Midstream Partners, L.P.
48.47 USD−0.15 (0.31%)
Mammoth Energy Services Inc
1.51 USD−0.040 (2.58%)
Matrix Service Co
7.07 USD+0.16 (2.32%)
NGL Energy Partners LP
2.20 USD−0.050 (2.22%)
OGE Energy Corp.
35.78 USD−0.020 (0.056%)
ONE Gas Inc
75.18 USD+0.87 (1.17%)
ONEOK, Inc.
62.65 USD+0.22 (0.35%)
Ovintiv Inc
41.06 USD+0.58 (1.43%)
PHX Minerals Inc
2.41 USD+0.025 (1.05%)
SandRidge Energy Inc.
12.03 USD+0.11 (0.92%)
Units Ord Shs
50.20 USD+1.20 (2.45%)
Williams Companies Inc
30.01 USD+0.15 (0.50%)
oil prices: Oil prices steady amid signs of demand coming back after coronavirus, Auto News, ET Auto
 How did other energy stocks perform? Here is the list from the Texas Energy Report.

Apache (APA) up 0.17 at 32.40 – change 0.52%

Cheniere (LNG) up 0.90 at 114.89 – change 0.78%

Chevron (CVX) up 0.04 at 134.30 – change 0.02%

ConocoPhillips (COP) up 0.53 at 90.21 – change 0.59%

Diamondback Energy (FANG) up 1.94 at 129.82 – change 0.51%

Energy Transfer LP (ET) down 0.04 at 10.13 – change 0.40%

Enterprise Products Partners (EPD) down 0.03 at 23.99 – change 0.13%

EOG Resources (EOG) up 0.87 at 111.77 – change 0.78%

ExxonMobil (XOM) up 0.36 at 78.34 – change 0.46%

Kinder Morgan (KMI) up 0.12 at 17.13 – change 0.70%

Marathon Oil Corp. (MRO) up 0.53 at 21.07 – change 2.58%

National Oilwell Varco (NOV) up 0.44 at 17.17 – change 2.63%

Occidental Petroleum (OXY) down 0.20 at 39.65 – change 0.51%

Phillips 66 (PSX) down 0.12 at 88.30 – change 0.14%

Pioneer Natural Resources (PXD) up 3.30 at 222.48 – change 1.50%

Valero (VLO) down 0.49 at 88.04 – change 0.56%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.03 at 85.41 – change 0.04%

CenterPoint (CNP) up 0.16 at 26.88 – change 0.59%

Entergy (ETR) up 0.53 at 103.96 – change 0.51%