Crude oil rose on Wednesday after oil drawdown in US

 

Oil is rising, US crude oil inventories

 

A steeper than expected drawdown in U.S. crude stocks led to a slight increase in crude oil prices on Wednesday. Some Oklahoma energy stocks responded with strong trading for the day.

Crude went up 1.5% after Wednesday’s six-month low. Analysts suggested the drawdown outweighed worries about increased Russian output and exports.

West Texas Intermediate crude for September delivery went back up $1.58 and finished the day at $88.11 on the New York Mercantile Exchange.

Global benchmark Brent crude for October delivery increased $1.31 and closed at $93.65 a barrel on ICE Futures Europe.

September natural gas fell 9 cents to $9.24 per 1,000 cubic feet.

Some of the Oklahoma energy stocks either experienced losses for the day or had weak gains. A few, notably Gulfport Energy with a 7% gain and Laredo Petroleum with a strong 5% increase, had a good trading day.

 

Alliance Resource Partners, L.P.
23.33 USD+0.23 (1.00%)
Blueknight Energy Partners LP Common Stock
4.63 USD−0.0050 (0.11%)
Chesapeake Energy Ord Shs
98.33 USD+1.33 (1.37%)
Continental Resources, Inc.
68.26 USD+0.62 (0.92%)
Coterra Energy Inc
29.35 USD+0.17 (0.58%)
Devon Energy Corp
64.14 USD+0.56 (0.88%)
Empire Petroleum Corporation
14.80 USD−0.20 (1.33%)
Gulfport Energy Corp
97.16 USD+6.13 (6.73%)
Helmerich & Payne, Inc.
40.73 USD−0.060 (0.15%)
LSB Industries, Inc.
13.39 USD+0.020 (0.15%)
Laredo Petroleum Inc
69.26 USD+3.56 (5.42%)
Magellan Midstream Partners, L.P.
52.17 USD−0.25 (0.48%)
Mammoth Energy Services Inc
3.88 USD+0.13 (3.47%)
Matrix Service Co
5.43 USD−0.010 (0.18%)
NGL Energy Partners LP
1.62 USD−0.020 (1.22%)
OGE Energy Corp.
42.45 USD−0.16 (0.38%)
ONE Gas Inc
82.89 USD−0.28 (0.34%)
ONEOK, Inc.
62.96 USD−0.34 (0.54%)
Ovintiv Inc
48.08 USD−0.23 (0.48%)
PHX Minerals Inc
3.57 USD+0.12 (3.48%)
SandRidge Energy Inc.
19.63 USD+0.62 (3.26%)
Unit Corp
58.85 USD−0.63 (1.06%)
Williams Companies Inc
34.30 USD−0.020 (0.058%)
Oil prices spike to 6-year high | Fox Business
 Other energy stocks had the same kind of day according to the Texas Energy Report.

Apache (APA) up 0.41 at 33.63 – change 1.23%

Cheniere (LNG) up 0.20 at 161.47 – change 0.12%

Chevron (CVX) up 1.29 at 157.69 – change 0.82%

ConocoPhillips (COP) up 1.26 at 101.36 – change 1.25%

Diamondback Energy (FANG) up 0.18 at 125.77 – change 0.14%

Energy Transfer LP (ET) down 0.18 at 11.62 – change 1.53%

Enterprise Products Partners (EPD) down 0.34 at 26.96 – change 1.25%

EOG Resources (EOG) up 1.28 at 113.69 – change 1.13%

ExxonMobil (XOM) up 0.74 at 92.20 – change 0.80%

Kinder Morgan (KMI) down 0.08 at 18.57 – change 0.43%

Marathon Oil Corp. (MRO) up 0.36 at 23.41 – change 1.56%

National Oilwell Varco (NOV) up 0.04 at 17.55 – change 0.22%

Occidental Petroleum (OXY) down 0.54 at 62.97 – change 0.86%

Phillips 66 (PSX) up 1.48 at 89.87 – change 1.67%

Pioneer Natural Resources (PXD) up 3.38 at 232.50 – change 1.47%

Tellurian Inc. (TELL) up 0.02 at 4.13 – change 0.48%

Valero (VLO) up 4.44 at 117.75 – change 3.91%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.13 at 104.33 – change 0.13%

CenterPoint (CNP) down 0.15 at 32.51 – change 0.43%

Entergy (ETR) down 0.95 at 121.27 – change 0.78%