Oil prices shot up after terrorist attack

  • March 26, 2022

Yemen's Houthis claim attack on Aramco facility after reports of a huge fire

 

A missile attack on an oil distribution facility in Saudi Arabia sparked crude prices to increase to more than $120 a barrel at one point in Friday’s trading before prices settled for the day.

West Texas Intermediate crude for May delivery rose $1.56 or 1.39% to settle at $113.90 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for May delivery increased $1.62 or 1.36% and closed at $120.65 a barrel on ICE Futures Europe.

Natural gas rose 17 cents or 3.15% and closed at $5.57 per 1,000 cubic feet.

Yemen’s Houthis rebels took responsibility for the rocket and drone strikes that targeted an oil depot in Jeddah and other facilities in Riyadh.

The attack also came as President Biden and European Union leaders agreed to a landmark energy supply deal in which the US will increase transatlantic gas deliveries in hopes of weakening the power of the Kremlin and its war against Ukraine.

 

 Biden arrives in Europe to offer US gas to EU

Under the deal with Biden, the US will assist in the short term by delivering increased shipments of LNG to Europe, with 15bcm added this year.

Friday was a good day for Oklahoma energy stocks. Big gains were recorded by Laredo Petroleum, Coterra Energy, Helmerich & Payne, Mammoth Energy and SandRidge Energy.

 

Alliance Resource Partners, L.P.
15.62 USD+0.13 (0.84%)
Blueknight Energy Partners LP Common Stock
3.35 USD+0.0100 (0.30%)
Chesapeake Energy Ord Shs
89.32 USD+2.32 (2.67%)
Continental Resources, Inc.
65.19 USD+2.16 (3.43%)
Coterra Energy Inc
28.91 USD+1.88 (6.96%)
Cypress Environmental Partners LP
1.74 USD−0.0050 (0.29%)
Devon Energy Corp
62.50 USD+0.99 (1.61%)
Gulfport Energy Corp
87.08 USD+3.38 (4.04%)
Helmerich & Payne, Inc.
44.26 USD+2.84 (6.86%)
LSB Industries, Inc.
23.34 USD−1.19 (4.85%)
Laredo Petroleum Inc
80.66 USD+6.03 (8.08%)
Magellan Midstream Partners, L.P.
50.10 USD+0.45 (0.91%)
Mammoth Energy Services Inc
2.09 USD+0.15 (7.73%)
Matrix Service Co
8.61 USD+0.18 (2.14%)
NGL Energy Partners LP
2.32 USD+0.040 (1.75%)
OGE Energy Corp.
39.90 USD+0.90 (2.31%)
ONE Gas Inc
86.84 USD+2.60 (3.09%)
ONEOK, Inc.
72.27 USD+1.84 (2.61%)
Ovintiv Inc
55.13 USD+2.57 (4.89%)
PHX Minerals Inc
2.88 USD+0.080 (2.86%)
SandRidge Energy Inc.
17.19 USD+0.99 (6.11%)
Units Ord Shs
62.25 USD+3.50 (5.96%)
Williams Companies Inc
33.88 USD+0.97 (2.95%)
 Oil Prices Have More Chance To Go Down From Here, Than Up | Seeking Alpha
 Other energy stocks recorded gains for the day according to the Texas Energy Report.

Apache (APA) up 0.75 at 41.53 – change 1.83%

Cheniere (LNG) up 7.73 at 149.30 – change 5.46%

Chevron (CVX) up 3.01 at 169.31 – change 1.80%

ConocoPhillips (COP) up 2.96 at 107.50 – change 2.83%

Diamondback Energy (FANG) up 3.32 at 146.51 – change 2.31%

Energy Transfer LP (ET) up 0.32 at 10.57 – change 3.12%

Enterprise Products Partners (EPD) up 0.24 at 25.47 – change 0.95%

EOG Resources (EOG) up 3.50 at 124.51 – change 2.89%

ExxonMobil (XOM) up 1.82 at 85.20 – change 2.18%

Kinder Morgan (KMI) up 0.77 at 19.07 – change 4.20%

Marathon Oil Corp. (MRO) up 0.51 at 26.04 – change 1.99%

National Oilwell Varco (NOV) up 0.41 at 19.95 – change 2.09%

Occidental Petroleum (OXY) up 0.96 at 58.71 – change 1.66%

Phillips 66 (PSX) up 2.73 at 83.85 – change 3.36%

Pioneer Natural Resources (PXD) up 5.45 at 256.70 – change 2.16%

Valero (VLO) up 0.81 at 97.25 – change 0.83%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.40 at 96.84 – change 0.41%

CenterPoint (CNP) up 0.63 at 30.41 – change 2.11%

Entergy (ETR) up 2.10 at 114.83 – change 1.86%

Jerry Bohnen