Higher crude prices and strong gains for some OK energy stocks

Russia-Ukraine war: How rising crude oil prices impact us in ways we don't quite notice - World News

 

Concerns about tight global supplies grew Wednesday with word that a Russian oil pipeline on the Black Sea coast would be out of commission for 3 months and sent crude oil prices up 5% in trading.

West Texas Intermediate crude for April delivery rose $5.66 or 4.9% to finish the day at $114.93 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for May delivery shot up $6.12 or 5.5% to close at $121.60 a barrel on ICE Futures Europe.

 

April natural gas rose 4 cents $5.23 per 1,000 cubic feet.

The Russian pipeline in question is on the coast of the Black Sea and ships 1.2 million barrels of oil a day. But Russian Deputy Prime Minister Alexander Novak announced it might be out of service for months while repairs are made.

Bulgaria Ties Energy Future to Russia with New Pipeline - Russia Business Today

 

Wednesday was a day of gains for most Oklahoma energy stocks including an 11% improvement for Cypress Environmental, 5% for SandRidge Energy and a strong 4% for Chesapeake Energy.

 

Alliance Resource Partners, L.P.
15.33 USD+0.58 (3.93%)
 Blueknight Energy Partners LP Common Stock
3.34 USD−0.020 (0.60%
Chesapeake Energy Ord Shs
84.06 USD+3.55 (4.41%)
Continental Resources, Inc.
63.67 USD+1.74 (2.81%)
Coterra Energy Inc
26.19 USD+0.61 (2.38%)
Cypress Environmental Partners LP
1.96 USD+0.19 (10.73%)
Devon Energy Corp
61.67 USD+1.04 (1.72%)
Gulfport Energy Corp
79.85 USD+0.58 (0.73%)
Helmerich & Payne, Inc.
41.59 USD+0.78 (1.92%)
LSB Industries, Inc.
23.94 USD+0.75 (3.23%)
Laredo Petroleum Inc
74.79 USD+2.44 (3.37%)
Magellan Midstream Partners, L.P.
49.46 USD+0.83 (1.71%)
Mammoth Energy Services Inc
1.94 USD0.00 (0.00%)
Matrix Service Co
8.76 USD+0.030 (0.34%)
NGL Energy Partners LP
2.29 USD−0.040 (1.72%)
OGE Energy Corp.
38.75 USD−0.13 (0.33%)
ONE Gas Inc
83.27 USD−0.29 (0.35%)
ONEOK, Inc.
68.97 USD+0.67 (0.98%)
Ovintiv Inc
52.50 USD+2.06 (4.08%)
PHX Minerals Inc
2.85 USD+0.070 (2.52%)
SandRidge Energy Inc.
15.82 USD+0.77 (5.12%)
Units Ord Shs
61.45 USD+0.45 (0.74%)
Williams Companies Inc
32.71 USD+0.59 (1.84%)
Oil Prices Up to $75 Ahead of OPEC+ Decision on Supply Cuts – Arise News
 Here’s how other energy stocks performed on Wednesday according to the Texas Energy Report.

Apache (APA) up 0.19 at 40.71 – change 0.46%

Cheniere (LNG) up 5.68 at 139.97 – change 4.22%

Chevron (CVX) up 1.77 at 165.86 – change 1.07%

ConocoPhillips (COP) up 2.60 at 104.37 – change 2.55%

Diamondback Energy (FANG) up 5.29 at 142.63 – change 3.85%

Energy Transfer LP (ET) down 0.11 at 10.09 – change 1.08%

Enterprise Products Partners (EPD) up 0.44 at 24.99 – change 1.79%

EOG Resources (EOG) up 2.72 at 123.55 – change 2.25%

ExxonMobil (XOM) up 1.29 at 83.13 – change 1.57%

Kinder Morgan (KMI) up 0.19 at 18.12 – change 1.05%

Marathon Oil Corp. (MRO) up 0.92 at 25.58 – change 3.73%

National Oilwell Varco (NOV) up 0.05 at 19.57 – change 0.25%

Occidental Petroleum (OXY) up 0.20 at 59.84 – change 0.33%

Phillips 66 (PSX) up 0.48 at 80.27 – change 0.60%

Pioneer Natural Resources (PXD) up 3.50 at 254.82 – change 1.39%

Valero (VLO) up 1.93 at 95.52 – change 2.06%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.76 at 96.01 – change 0.79%

CenterPoint (CNP) up 0.15 at 29.62 – change 0.50%

Entergy (ETR) up 1.17 at 110.85 – change 1.06%