A warning from Saudi Arabia’s energy chief that nations shouldn’t use emergency oil reserves to manipulate prices sent crude oil prices higher in Tuesday’s trading. Gains were also recorded by most Oklahoma energy stocks.
“Losing emergency stocks may be painful in the months to come said the energy minister
As a result, West Texas Intermediate crude for December delivery went up 74 cents a barrel or nearly 1% to finish at $85.32 on the New York Mercantile Exchange.
Global benchmark Brent crude for December delivery managed a 26 cent increase to $93.52 a barrel on ICE Futures Europe.
November natural gas rose 41 cents or about 8% to $5.61 per 1,000 cubic feet.
Tuesday was a day of gains for most Oklahoma energy stocks including a nearly 8% increase for PHX Minerals and 5% for SandRidge Energy.
Apache (APA) up 1.44 at 45.20 – change 3.29%
Cheniere (LNG) up 0.39 at 169.28 – change 0.23%
Chevron (CVX) up 1.80 at 174.93 – change 1.03%
ConocoPhillips (COP) down 1.20 at 123.94 – change 0.96%
Devon (DVN) up 0.27 at 75.51 – change 0.35%
Diamondback Energy (FANG) up 0.10 at 153.36 – change 0.06%
Energy Transfer LP (ET) down 0.03 at 12.04 – change 0.25%
Enterprise Products Partners (EPD) up 0.25 at 25.10 – change 1.00%
EOG Resources (EOG) down 2.66 at 132.00 – change 1.98%
ExxonMobil (XOM) down 0.72 at 105.88 – change 0.68%
Kinder Morgan (KMI) up 0.23 at 17.51 – change 1.33%
Marathon Oil Corp. (MRO) up 0.18 at 29.65 – change 0.61%
National Oilwell Varco (NOV) up 0.24 at 22.29 – change 1.08%
Occidental Petroleum (OXY) up 0.26 at 71.09 – change 0.36%
Phillips 66 (PSX) down 0.18 at 100.22 – change 0.18%
Pioneer Natural Resources (PXD) down 3.79 at 264.83 – change 1.42%
Tellurian Inc. (TELL) up 0.14 at 2.61 – change 5.66%
Valero (VLO) down 2.42 at 126.80 – change 1.88%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.42 at 87.42 – change 1.65%
CenterPoint (CNP) up 0.44 at 27.65 – change 1.61%
Entergy (ETR) up 2.41 at 104.75 – change 2.35%
