As European countries considered more sanctions on Russia’s energy sector after the discovery of murdered civilians, oil prices jumped more than 3% on Monday because investors grew more concerned about tighter crude supplies.
Global benchmark Brent crude for May delivery rose $3.14 or 3% and closed at $107.53 a barrel on ICE Futures Europe.
West Texas Intermediate crude for May delivery jumped 4% or $4.01 and finished the day at $103.28 a barrel, rebounding after slipping under $100 on Friday during trading on the New York Mercantile Exchange.
Investors are increasingly worried that more sanctions will arise following the discovery of a mass grave in one Ukrainian City. Victims who had been shot at close range were found with their hands and feet tied.
Many Oklahoma energy stocks experienced losses for the day including a more than 7% drop by Unit Corporation.
Apache (APA) up 0.76 at 42.98 – change 1.80%
Cheniere (LNG) down 0.65 at 141.44 – change 0.46%
Chevron (CVX) up 0.15 at 164.37 – change 0.09%
ConocoPhillips (COP) down 0.03 at 100.55 – change 0.03%
Diamondback Energy (FANG) up 1.14 at 139.59 – change 0.83%
Energy Transfer LP (ET) down 0.08 at 11.45 – change 0.61%
Enterprise Products Partners (EPD) up 0.18 at 26.04 – change 0.69%
EOG Resources (EOG) up 0.50 at 120.83 – change 0.41%
ExxonMobil (XOM) up 0.04 at 83.16 – change 0.04%
Kinder Morgan (KMI) up 0.08 at 19.30 – change 0.41%
Marathon Oil Corp. (MRO) down 0.08 at 25.68 – change 0.28%
National Oilwell Varco (NOV) down 0.08 at 20.14 – change 0.40%
Occidental Petroleum (OXY) down 0.32 at 57.79 – change 0.56%
Phillips 66 (PSX) up 0.71 at 86.67 – change 0.82%
Pioneer Natural Resources (PXD) down 0.40 at 252.75 – change 0.16%
Tellurian Inc. (TELL) down 0.15 at 6.19 – change 2.37%
Valero (VLO) down 0.53 at 100.74 – change 0.52%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.86 at 100.65 – change 0.85%
CenterPoint (CNP) down 0.22 at 30.93 – change 0.71%
Entergy (ETR) down 0.68 at 119.41 – change 0.57%