Crude hit all-time high of $139 on Monday

  • March 7, 2022

The Day - In Ukraine city, carnage leaves only 'zombies' behind - News from southeastern Connecticut

 

Not since 2008 has the world seen crude oil prices as high as they soared on Monday when a barrel of oil traded for more than $139.

The credit rests with the extreme fighting between Ukrainian defenders and invading Russian soldiers, fighting that has left thousands dead. The potential return of Iranian crude to global markets also added to the rising prices as well as the growing push for a U.S. ban on the purchase of Russian oil.

 Global benchmark Brent crude rose $5.10 or 4.3% to settle at $123.21 a barrel after actually hitting a peak of $139.13. The settlement was the highest since April of 2012.
West Texas Intermediate crude for April delivery rose 3.70% or $3.72 and finished the day at $119.40 a barrel on the New York Mercantile Exchange. It was the highest front-month contract close since September 2008 and at one point overnight traded at $130.50.
April natural gas fell 3.7% to $4.83 per million British thermal units.
For at least one Oklahoma energy stock, it was a record day. Cypress Environmental Partners rocketed up for a 50% gain for the day. Mammoth Energy recorded an 11% gain and Helmerich & Payne had a nearly 7% gain.
Alliance Resource Partners, L.P.
14.86 USD−0.45 (2.94%)
Blueknight Energy Partners LP Common Stock
3.25 USD−0.070 (2.11%)
Chesapeake Energy Ord Shs
85.89 USD+0.89 (1.05%)
Continental Resources, Inc.
60.35 USD−0.55 (0.90%)
Coterra Energy Inc
27.00 USD+0.89 (3.41%)
Cypress Environmental Partners LP
2.31 USD+0.77 (50.00%)
Devon Energy Corp
59.89 USD+0.32 (0.54%)
Gulfport Energy Corp
78.91 USD+3.37 (4.46%)
Helmerich & Payne, Inc.
42.07 USD+2.58 (6.53%)
LSB Industries, Inc.
17.67 USD+0.020 (0.11%)
Laredo Petroleum Inc
83.63 USD+0.63 (0.76%)
Magellan Midstream Partners, L.P.
48.47 USD−1.03 (2.09%)
Mammoth Energy Services Inc
1.96 USD+0.19 (10.73%)
Matrix Service Co
7.96 USD+0.89 (12.59%)
NGL Energy Partners LP
2.41 USD+0.090 (3.88%)
OGE Energy Corp.

39.33 USD−0.48 (1.21%)

 

ONE Gas Inc
88.87 USD+1.51 (1.73%)
ONEOK, Inc.
68.51 USD+0.090 (0.13%)
Ovintiv Inc
48.74 USD+0.10 (0.21%)
PHX Minerals Inc
3.29 USD+0.27 (8.94%)
SandRidge Energy Inc.
15.59 USD−0.060 (0.38%)
Units Ord Shs
57.23 USD+0.48 (0.85%)
Williams Companies Inc
33.40 USD−0.070 (0.21%)
Crude oil prices today: Oil prices rise as Ukraine conflict stokes supply concerns - The Economic Times
 It was a mixed day for other energy stocks according to the Texas Energy Report.

Apache (APA) down 1.56 at 37.92 – change 3.96%

Cheniere (LNG) down 0.62 at 139.01 – change 0.45%

Chevron (CVX) up 3.39 at 162.04 – change 2.13%

ConocoPhillips (COP) up 1.00 at 101.27 – change 0.99%

Diamondback Energy (FANG) down 3.36 at 134.44 – change 2.44%

Energy Transfer LP (ET) down 0.09 at 10.34 – change 0.87%

Enterprise Products Partners (EPD) down 0.08 at 25.36 – change 0.28%

EOG Resources (EOG) up 1.40 at 120.15 – change 1.17%

ExxonMobil (XOM) up 3.03 at 87.12 – change 3.60%

Kinder Morgan (KMI) down 0.12 at 18.72 – change 0.64%

Marathon Oil Corp. (MRO) up 0.52 at 24.33 – change 2.18%

National Oilwell Varco (NOV) up 2.87 at 21.19 – change 15.66%

Occidental Petroleum (OXY) down 0.77 at 55.38 – change 1.88%

Phillips 66 (PSX) down 1.70 at 82.60 – change 2.02%

Pioneer Natural Resources (PXD) down 4.53 at 236.63 – change 1.88%

Valero (VLO) down 1.97 at 84.01 – change 2.30%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.93 at 97.26 – change 0.96%

CenterPoint (CNP) down 0.26 at 28.73 – change 0.90%

Entergy (ETR) down 0.38 at 111.86 – change 0.34%

Jerry Bohnen