Thursday’s trading resulted in a 3% gain for crude oil prices after increased U.S. fuel consumption off worries about a slowing economy around the rest of the world. It proved to be a day of big gains for Oklahoma energy stocks.
Increases came after a report was announced showing the number of Americans filing new claims for jobless benefits fell last week.
Global benchmark Brent crude for October delivery shot up $2.94 or 3.1% to settle at $96.59 a barrel on ICE Futures Europe.
In the U.S., West Texas Intermediate crude for September delivery increased $2.39 or 2.7% and settled at $90.50 a barrel on the New York Mercantile Exchange.
September natural gas fell 5 cents to $9.19 per 1,000 cubic feet.
What a day for Oklahoma energy stocks. How about a 14% gain for Mammoth Energy, 9% for Laredo Petroleum, 8% at Helmerich & Payne and 6% at Devon Energy. Not one loss was reported by the Oklahoma companies.
20.97 USD+1.34 (6.83%)
Unit Corp
60.00 USD+1.15 (1.95%)
Other energy stocks also had a big day according to the Texas Energy Report.
Apache (APA) up 2.87 at 36.50 – change 8.53%
Cheniere (LNG) up 6.08 at 167.56 – change 3.76%
Chevron (CVX) up 2.74 at 159.02 – change 1.75%
ConocoPhillips (COP) up 3.52 at 104.88 – change 3.47%
Diamondback Energy (FANG) up 4.30 at 130.07 – change 3.41%
Energy Transfer LP (ET) up 0.31 at 11.93 – change 2.66%
Enterprise Products Partners (EPD) up 0.35 at 27.31 – change 1.29%
EOG Resources (EOG) up 5.30 at 118.99 – change 4.66%
ExxonMobil (XOM) up 2.18 at 94.38 – change 2.36%
Kinder Morgan (KMI) up 0.36 at 18.93 – change 1.93%
Marathon Oil Corp. (MRO) up 1.19 at 24.60 – change 5.08%
National Oilwell Varco (NOV) up 0.31 at 17.86 – change 1.76%
Occidental Petroleum (OXY) up 1.91 at 64.88 – change 3.03%
Phillips 66 (PSX) down 1.18 at 88.69 – change 1.32%
Pioneer Natural Resources (PXD) up 9.31 at 241.81 – change 4.00%
Tellurian Inc. (TELL) up 0.54 at 4.68 – change 13.04%
Valero (VLO) up 1.04 at 118.79 – change 0.88%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.04 at 104.37 – change 0.03%
CenterPoint (CNP) up 0.08 at 32.59 – change 0.24%
Entergy (ETR) down 0.79 at 120.48 – change 0.66%