Talks with Iran continue boosting oil prices

Stocks end another bumpy day lower; crude oil prices ease - Los Angeles Times

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.

 

Alliance Resource Partners, L.P.
25.27 USD−0.13 (0.51%)
Chesapeake Energy Ord Shs
103.75 USD+3.38 (3.37%)
Continental Resources, Inc.
71.80 USD+1.00 (1.41%)
Coterra Energy Inc
31.27 USD+0.96 (3.17%)
Devon Energy Corp
72.45 USD+1.57 (2.22%)
Empire Petroleum Corporation
14.68 USD0.00 (0.00%)
Gulfport Energy Corp
100.00 USD+4.91 (5.16%)
Helmerich & Payne, Inc.
45.96 USD+1.22 (2.73%)
LSB Industries, Inc.
15.29 USD+0.39 (2.62%)
Laredo Petroleum Inc
78.28 USD+1.43 (1.86%)
Magellan Midstream Partners, L.P.
52.45 USD+0.25 (0.48%)
Mammoth Energy Services Inc
4.87 USD+0.48 (10.93%)
Matrix Service Co
5.82 USD+0.010 (0.17%)
NGL Energy Partners LP
1.64 USD0.00 (0.00%)
OGE Energy Corp.
41.84 USD−0.13 (0.31%)
ONE Gas Inc
80.91 USD−0.66 (0.81%)
ONEOK, Inc.
66.11 USD+1.31 (2.02%)
Ovintiv Inc
53.67 USD+1.22 (2.33%)
PHX Minerals Inc
3.73 USD−0.030 (0.80%)
SandRidge Energy Inc.
22.19 USD+0.88 (4.13%)
Unit Corp
63.30 USD−0.050 (0.079%)
Williams Companies Inc
35.58 USD+0.46 (1.31%)
A day trader who bought hundreds of oil contracts was told he owed $9 million after a trading platform issue meant it failed to show oil's historic plunge below $0 | Business Insider India
 Moderate gains were recorded by other energy stocks according to the Texas Energy Report.

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%