Concerns about tight worldwide crude oil supplies continue to bother investors and as a result, oil prices saw only modest gains in Wednesday’s trading while inventories of US distillate and gasoline dropped.
West Texas Intermediate crude for June delivery went up 32 cents to close at $102.02 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for June delivery managed a 33 cent increase and finished the day at $105.32 a barrel on ICE Futures Europe.
May natural gas rose 42 cents to $7.27 per 1,000 cubic feet.
Wednesday produced gains for most Oklahoma energy stocks including a nearly 15% increase for Alliance Resource Partners along with a 5% boost for Gulfport Energy.
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Apache (APA) up 1.35 at 39.97 – change 3.49%
Cheniere (LNG) up 4.79 at 140.28 – change 3.53%
Chevron (CVX) down 0.29 at 156.24 – change 0.19%
ConocoPhillips (COP) up 1.74 at 93.06 – change 1.90%
Diamondback Energy (FANG) up 1.25 at 126.64 – change 0.99%
Energy Transfer LP (ET) down 0.02 at 11.25 – change 0.18%
Enterprise Products Partners (EPD) up 0.14 at 26.18 – change 0.53%
EOG Resources (EOG) up 1.22 at 112.81 – change 1.09%
ExxonMobil (XOM) up 2.35 at 84.64 – change 2.85%
Kinder Morgan (KMI) down 0.04 at 18.39 – change 0.22%
Marathon Oil Corp. (MRO) up 0.57 at 24.66 – change 2.40%
National Oilwell Varco (NOV) up 0.02 at 18.53 – change 0.10%
Occidental Petroleum (OXY) up 0.77 at 55.59 – change 1.40%
Phillips 66 (PSX) up 1.12 at 83.01 – change 1.38%
Pioneer Natural Resources (PXD) up 2.94 at 231.63 – change 1.28%
Tellurian Inc. (TELL) up 0.35 at 5.26 – change 7.12%
Valero (VLO) up 4.37 at 109.51 – change 4.15%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.28 at 99.53 – change 0.29%
CenterPoint (CNP) up 0.04 at 31.33 – change 0.12%
Entergy (ETR) up 0.02 at 120.68 – change 0.01%
