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A rebound from steep losses after China’s manufacturing activity dropped to a six-month low in April resulted in oil futures clinging strongly above the $100 level in Monday’s trading.
COVID-19 lockdowns in Shanghai resulted in the weekend drops but by day’s end on Monday, prices rose.
West Texas Intermediate crude for June delivery settled up 48 cents at $105.17 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for July delivery managed a 44 cent climb before finishing at $107.58 a barrel on ICE Futures Europe.
June natural gas rose 24 cents to $7.48 per 1,000 cubic feet.
Oklahoma energy stocks had a “ho hum” trading day on Monday with no standout gains or losses.
Other energy stocks were mixed in the day’s trading according to the Texas Energy Report including a 6% gain for Occidental Petroleum.
Apache (APA) down 0.32 at 40.61 – change 0.79%
Cheniere (LNG) up 0.24 at 136.05 – change 0.17%
Chevron (CVX) up 3.08 at 159.75 – change 1.96%
ConocoPhillips (COP) up 0.40 at 95.92 – change 0.41%
Diamondback Energy (FANG) up 1.27 at 127.50 – change 1.00%
Energy Transfer LP (ET) up 0.20 at 11.28 – change 1.80%
Enterprise Products Partners (EPD) down 0.30 at 25.61 – change 1.16%
EOG Resources (EOG) down 0.45 at 116.31 – change 0.39%
ExxonMobil (XOM) up 1.15 at 86.41 – change 1.36%
Kinder Morgan (KMI) up 0.03 at 18.18 – change 0.16%
Marathon Oil Corp. (MRO) up 0.03 at 24.95 – change 0.12%
National Oilwell Varco (NOV) up 0.49 at 18.62 – change 2.70%
Occidental Petroleum (OXY) up 3.21 at 58.30 – change 5.82%
Phillips 66 (PSX) up 2.42 at 89.18 – change 2.78%
Pioneer Natural Resources (PXD) up 3.37 at 235.84 – change 1.44%
Tellurian Inc. (TELL) down 0.12 at 4.86 – change 2.41%
Valero (VLO) up 5.12 at 116.60 – change 4.59%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.98 at 98.13 – change 0.99%
CenterPoint (CNP) down 0.39 at 30.22 – change 1.28%
Entergy (ETR) down 0.81 at 118.04 – change 0.69%
