The European Union just can’t come to a fast and solid decision to totally ban Russia’s flow of oil and gas to its member countries and as a result, concerns caused a slight gain in crude oil prices on Friday.
In the U.S., West Texas Intermediate crude for June delivery increased $1.02 to close at $113.23 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for July deliver went up 51 cents to settle at $112.55 a barrel on ICE Futures Europe. It was the first time in a long time that Brent crude finished lower than WTI.
June natural gas fell 23 cents to $8.08 per 1,000 cubic feet.
Friday proved to be a down day for many Oklahoma energy stocks. But on the bright side, Chesapeake Energy had a nearly 5% gain for the day and Ovintiv went up about 2%.
