After two days of drops in prices, crude oil saw a rebound in Thursday’s trading. Analysts credited a bolstering by weakness in the dollar and the possibility that China might ease coronavirus lockdown restrictions.
West Texas Intermediate crude for June delivery went up $2.62 or 2.39% and finished the day at $112.21 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude finished up $2.93 or 2.69% to $112.04 a barrel on ICE Futures Europe.
June natural gas fell 6 cents to $8.31 per 1,000 cubic feet.
As for Oklahoma energy stocks, some had a strong day including Mammoth Energy with a 10.5% gain while others such as ONEOK dropped more than 2%.
Apache (APA) up 0.37 at 40.82 – change 0.91%
Cheniere (LNG) down 2.54 at 130.43 – change 1.92%
Chevron (CVX) down 1.20 at 166.86 – change 0.72%
ConocoPhillips (COP) up 0.13 at 104.61 – change 0.12%
Diamondback Energy (FANG) up 1.46 at 129.82 – change 1.13%
Energy Transfer LP (ET) down 0.17 at 11.06 – change 1.52%
Enterprise Products Partners (EPD) down 0.01 at 26.60 – change 0.04%
EOG Resources (EOG) down 0.88 at 121.70 – change 0.72%
ExxonMobil (XOM) up 0.49 at 91.14 – change 0.54%
Kinder Morgan (KMI) down 0.29 at 19.02 – change 1.46%
Marathon Oil Corp. (MRO) up 0.11 at 26.88 – change 0.41%
National Oilwell Varco (NOV) down 0.50 at 17.92 – change 2.72%
Occidental Petroleum (OXY) down 0.34 at 63.96 – change 0.53%
Phillips 66 (PSX) down 0.19 at 95.33 – change 0.20%
Pioneer Natural Resources (PXD) down 5.66 at 265.42 – change 2.09%
Tellurian Inc. (TELL) down 0.05 at 4.57 – change 1.09%
Valero (VLO) down 0.42 at 124.26 – change 0.34%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.84 at 99.04 – change 0.85%
CenterPoint (CNP) down 0.01 at 30.66 – change 0.04%
Entergy (ETR) down 0.80 at 115.67 – change 0.69%