Crude rose on Friday—can the increases continue this week?

Oil Prices Rise Above $56 | Financial Tribune

 

Oil prices continued their climb higher on Friday, raising expectations that perhaps this week will bring even higher prices nationally.

The Friday increase came after OPEC decided to increase production targets by more than planned but with knowledge it won’t add much to global supply.

In the U.S., West Texas Intermediate crude for July delivery shot up $2 to settle at $118.87 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for August delivery bounced up $2.11 and closed at $119.72 a barrel on ICE Futures Europe.

July natural gas rose 3 cents to $8.52 per 1,000 cubic feet.

Friday proved to be another strong day for some Oklahoma energy stocks including Laredo Petroleum which gained 6% and is trading at more than $100 a share.

 

Alliance Resource Partners, L.P.
20.92 USD−0.070 (0.33%)
Blueknight Energy Partners LP Common Stock
4.57 USD0.00 (0.00%)
Chesapeake Energy Ord Shs
98.79 USD+0.75 (0.76%)
Continental Resources, Inc.
69.10 USD+1.50 (2.22%)
Coterra Energy Inc
35.18 USD+0.20 (0.57%)
Devon Energy Corp
77.02 USD+0.71 (0.93%)
Empire Petroleum Corporation
21.13 USD+0.18 (0.86%)
Gulfport Energy Corp
101.74 USD+0.56 (0.55%)
Helmerich & Payne, Inc.
51.18 USD+1.43 (2.87%)
LSB Industries, Inc.
20.91 USD−0.40 (1.88%)
Laredo Petroleum Inc
107.04 USD+6.06 (6.00%)
Magellan Midstream Partners, L.P.
52.31 USD+0.060 (0.11%)
Mammoth Energy Services Inc
2.32 USD+0.060 (2.65%)
Matrix Service Co
6.04 USD−0.020 (0.33%)
NGL Energy Partners LP
2.05 USD0.00 (0.00%)
OGE Energy Corp.
41.00 USD−0.11 (0.27%)
ONE Gas Inc
87.15 USD+0.41 (0.47%)
ONEOK, Inc.
67.27 USD−0.14 (0.21%)
Ovintiv Inc
57.47 USD−0.84 (1.44%)
PHX Minerals Inc
3.79 USD+0.16 (4.41%)
SandRidge Energy Inc.
26.88 USD+1.39 (5.45%)
Unit Corp
63.90 USD+0.96 (1.53%)
Williams Companies Inc
37.51 USD−0.23 (0.61%)
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 Other energy stocks had gains for the day according to the Texas Energy Report. 

Apache (APA) up 0.83 at 48.30 – change 1.74%

Cheniere (LNG) down 1.41 at 141.96 – change 0.99%

Chevron (CVX) up 1.60 at 177.60 – change 0.90%

ConocoPhillips (COP) up 3.16 at 118.12 – change 2.74%

Diamondback Energy (FANG) up 0.76 at 154.66 – change 0.49%

Energy Transfer LP (ET) down 0.16 at 11.85 – change 1.34%

Enterprise Products Partners (EPD) down 0.04 at 28.10 – change 0.15%

EOG Resources (EOG) up 3.04 at 142.47 – change 2.18%

ExxonMobil (XOM) up 1.42 at 99.09 – change 1.45%

Kinder Morgan (KMI) down 0.03 at 19.93 – change 0.16%

Marathon Oil Corp. (MRO) up 0.48 at 31.68 – change 1.53%

National Oilwell Varco (NOV) up 0.83 at 21.01 – change 4.11%

Occidental Petroleum (OXY) up 0.99 at 70.29 – change 1.42%

Phillips 66 (PSX) up 1.46 at 104.46 – change 1.41%

Pioneer Natural Resources (PXD) up 4.18 at 279.47 – change 1.51%

Tellurian Inc. (TELL) down 0.34 at 4.66 – change 6.80%

Valero (VLO) up 1.80 at 135.41 – change 1.34%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.30 at 101.95 – change 0.30%

CenterPoint (CNP) down 0.43 at 31.67 – change 1.34%

Entergy (ETR) down 0.41 at 120.00 – change 0.35%