Oil prices in the U.S. and overseas rose on Wednesday following word that the U.S. won’t ask for additional concessions in a proposed restoration of Iran’s nuclear deal, a move that would allow Iran to export more oil on the world markets.
West Texas Intermediate crude for October delivery managed a $1.15 increase to settle at $94.89 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for October delivery managed a $1 increase to finish the day at $101.22 a barrel on ICE Futures Europe.
September natural gas rose 14 cents to $9.33 per 1,000 cubic feet.
How did Oklahoma energy stocks perform on Wednesday? Mammoth Energy had the biggest gain at nearly 11% for the day.
Continental Resources‘ gain of more than 1% was significant because it put Continental shares at nearly $72. Remember, founder Harold Hamm’s offer in mid-June to take the company private with his multi-billion bid was at $70 a share. The company has yet to take a stand on the issue other than to consider the offer.
Apache (APA) up 1.52 at 40.31 – change 3.91%
Cheniere (LNG) up 0.66 at 171.68 – change 0.38%
Chevron (CVX) up 1.20 at 163.19 – change 0.74%
ConocoPhillips (COP) up 2.06 at 110.52 – change 1.90%
Diamondback Energy (FANG) up 1.53 at 136.65 – change 1.13%
Energy Transfer LP (ET) up 0.11 at 12.29 – change 0.90%
Enterprise Products Partners (EPD) up 0.12 at 27.07 – change 0.44%
EOG Resources (EOG) up 2.12 at 123.90 – change 1.74%
ExxonMobil (XOM) up 0.57 at 98.58 – change 0.59%
Kinder Morgan (KMI) up 0.31 at 19.20 – change 1.64%
Marathon Oil Corp. (MRO) up 0.57 at 26.29 – change 2.25%
National Oilwell Varco (NOV) up 0.46 at 18.80 – change 2.50%
Occidental Petroleum (OXY) up 1.12 at 74.91 – change 1.51%
Phillips 66 (PSX) up 0.96 at 92.37 – change 1.05%
Pioneer Natural Resources (PXD) up 5.05 at 256.82 – change 2.00%
Tellurian Inc. (TELL) up 0.04 at 4.63 – change 0.86%
Valero (VLO) up 0.01 at 122.12 – change 0.00%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.04 at 102.66 – change 0.04%
CenterPoint (CNP) up 0.36 at 32.27 – change 1.12%
Entergy (ETR) down 0.23 at 119.27 – change 0.20%