Oil prices rose on EU’s move to ban Russian oil purchases

Ukraine-Russia: How much oil comes from Russia? Oil prices per barrel today and why oil prices are going up | The Scotsman

 

The proposal by the European Union to phase out Russian oil purchases within 6 months caused a sharp rise in crude oil prices on Wednesday.

West Texas Intermediate crude for June delivery went up $5.40 to settle at $107.81 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for July delivery increased $5.17 to finish the day at $110.14 a barrel on ICE Futures Europe.

June natural gas rose 47 cents to $8.42 per 1,000 cubic feet.

It proved to be another day of gains for Oklahoma energy stocks. Chesapeake and PHX Minerals rose more than 7% and Helmerich & Payne went up 6%.

Alliance Resource Partners, L.P.
19.61 USD+0.92 (4.92%)
Blueknight Energy Partners LP Common Stock
4.56 USD+0.0050 (0.11%)
Chesapeake Energy Ord Shs
94.98 USD+6.39 (7.21%)
Continental Resources, Inc.
60.36 USD+2.75 (4.77%)
Coterra Energy Inc
32.77 USD+1.11 (3.51%)
Cypress Environmental Partners LP
0.43 USD−0.017 (3.89%)
Devon Energy Corp
67.74 USD+3.46 (5.38%)
Empire Petroleum Corporation
24.80 USD+0.30 (1.22%)
Gulfport Energy Corp
101.00 USD+2.78 (2.83%)
Helmerich & Payne, Inc.
50.53 USD+2.85 (5.98%)
LSB Industries, Inc.
20.53 USD−2.34 (10.23%)
Laredo Petroleum Inc
78.00 USD+4.36 (5.92%)
Magellan Midstream Partners, L.P.
51.03 USD+1.53 (3.10%)
Mammoth Energy Services Inc
2.38 USD+0.15 (6.73%)
Matrix Service Co
6.99 USD+0.30 (4.48%)
NGL Energy Partners LP
2.05 USD+0.055 (2.76%)
OGE Energy Corp.
39.68 USD+1.03 (2.65%)
ONE Gas Inc
85.82 USD+2.83 (3.41%)
ONEOK, Inc.
67.35 USD+2.23 (3.42%)
Ovintiv Inc
56.72 USD+1.53 (2.77%)
PHX Minerals Inc
3.87 USD+0.26 (7.20%)
SandRidge Energy Inc.
20.45 USD+0.39 (1.94%)
Units Ord Shs
60.25 USD+0.26 (0.43%)
Williams Companies Inc
36.89 USD+1.58 (4.47%)
Oil prices: Oil prices up more than $4 as EU considers Russian oil ban, Auto News, ET Auto
 Other energy stocks recorded gains as well according to the Texas Energy Report.

Apache (APA) up 2.68 at 45.20 – change 6.30%

Cheniere (LNG) up 5.84 at 146.30 – change 4.15%

Chevron (CVX) up 5.09 at 167.59 – change 3.13%

ConocoPhillips (COP) up 4.93 at 103.86 – change 4.98%

Diamondback Energy (FANG) up 6.38 at 142.49 – change 4.68%

Energy Transfer LP (ET) up 0.34 at 12.08 – change 2.89%

Enterprise Products Partners (EPD) up 0.83 at 26.97 – change 3.17%

EOG Resources (EOG) up 4.01 at 124.77 – change 3.32%

ExxonMobil (XOM) up 3.51 at 91.70 – change 3.98%

Kinder Morgan (KMI) up 0.60 at 19.28 – change 3.21%

Marathon Oil Corp. (MRO) up 1.44 at 27.69 – change 5.48%

National Oilwell Varco (NOV) up 0.69 at 19.32 – change 3.70%

Occidental Petroleum (OXY) up 2.33 at 61.57 – change 3.93%

Phillips 66 (PSX) up 5.38 at 96.17 – change 5.92%

Pioneer Natural Resources (PXD) up 9.08 at 252.78 – change 3.72%

Tellurian Inc. (TELL) down 0.12 at 5.05 – change 2.33%

Valero (VLO) up 6.83 at 128.22 – change 5.62%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 2.14 at 100.72 – change 2.17%

CenterPoint (CNP) up 0.80 at 31.34 – change 2.61%

Entergy (ETR) up 2.14 at 118.66 – change 1.83%