As the week starts, oil investors and analysts wonder whether prices will managed to post a third consecutive week of increases as Europe seriously considers sanctions on Russian oil.
On Friday, prices went up 1.5% as traders shrugged off worries about global economic growth.
West Texas Intermediate crude for June delivery rose 1.4% or $1.51 and closed at $109.77 a barrel on the New York Mercantile Exchange. For the week, WTI gained nearly 5%.
Global benchmark Brent for July delivery crude rose $1.49 or 1.3% and settled at $112.39 a barrel on ICE Futures Europe. Brent gained about 4% for the week.
June natural gas fell 74 cents to $8.04 per 1,000 cubic feet.
Friday’s trading resulted in a mix of gains and losses for Oklahoma energy stocks. Cypress Environmental saw a more than 13% gain for the day while LSB Industries dropped more than 4%.
Alliance Resource Partners, L.P.
49.09 USD+0.19 (0.39%)
Apache (APA) up 2.81 at 44.11 – change 6.80%
Cheniere (LNG) up 4.47 at 147.27 – change 3.13%
Chevron (CVX) up 4.43 at 170.69 – change 2.66%
ConocoPhillips (COP) up 4.83 at 107.69 – change 4.69%
Diamondback Energy (FANG) up 4.34 at 142.93 – change 3.13%
Energy Transfer LP (ET) down 0.05 at 11.63 – change 0.43%
Enterprise Products Partners (EPD) up 0.34 at 26.95 – change 1.27%
EOG Resources (EOG) up 8.80 at 132.22 – change 7.13%
ExxonMobil (XOM) up 1.38 at 91.69 – change 1.52%
Kinder Morgan (KMI) up 0.45 at 19.30 – change 2.38%
Marathon Oil Corp. (MRO) up 0.47 at 28.15 – change 1.69%
National Oilwell Varco (NOV) up 0.19 at 18.78 – change 1.01%
Occidental Petroleum (OXY) up 2.65 at 64.94 – change 4.25%
Phillips 66 (PSX) up 1.84 at 96.36 – change 1.94%
Pioneer Natural Resources (PXD) up 13.70 at 270.18 – change 5.34%
Tellurian Inc. (TELL) down 0.37 at 4.43 – change 7.71%
Valero (VLO) up 3.35 at 129.18 – change 2.66%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.01 at 99.65 – change 0.02%
CenterPoint (CNP) down 0.21 at 30.73 – change 0.68%
Entergy (ETR) up 0.97 at 119.27 – change 0.81%