Crude prices rose over diesel fuel inventory report

U.S. Diesel Reserves Dangerously Low Heading Into Winter - TruckersReport.com

 

It wasn’t worries over new COVID-19 outbreaks in China or growing concern of investors about the recession, but a report of low levels of diesel inventory ahead of winter that triggered buying on Thursday, prompting a 2% gain for crude oil prices.

The gains came after 3 consecutive days of losses.

West Texas Intermediate crude for November delivery rose $1.97 or 2.2% to close at $89.24 on the New York Mercantile Exchange.

Global benchmark Brent crude for December delivery went up $2.23 or 2.4% to finish the day at $94.68 a barrel on ICE Futures Europe.

November natural gas rose 28 cents or 4.2% to settle at $6.71 per MMBtu.

Low fuel inventories cause special concern in New England, Northeast U.S. | Connecticut Public

Crude oil prices initially moved lower in early trading on Thursday as the Energy Information Administration reported an increase of 9.9 million barrels of crude oil for the week to Oct. 7. Soon, prices started rising.

Finally, Oklahoma energy stocks saw a turnaround in trading on Thursday with gains as much as 7% by Matrix Service, 6% by Mammoth Energy, and 5% by PHX Minerals.

 

Alliance Resource Partners, L.P.
23.06 USD+0.16 (0.70%)
Chesapeake Energy Ord Shs
101.96 USD+2.45 (2.46%)
Continental Resources, Inc.
70.46 USD+1.10 (1.59%)
Coterra Energy Inc
30.46 USD+0.66 (2.21%)
Devon Energy Corp
72.25 USD+2.85 (4.11%)
Empire Petroleum Corporation
14.72 USD+0.22 (1.52%)
Gulfport Energy Corp
96.02 USD+2.79 (2.99%)
Helmerich & Payne, Inc.
43.07 USD+1.82 (4.41%)
LSB Industries, Inc.
16.54 USD+0.64 (4.03%)
Laredo Petroleum Inc
70.06 USD−0.35 (0.50%)
Magellan Midstream Partners, L.P.
49.13 USD+1.04 (2.16%)
Mammoth Energy Services Inc
3.93 USD+0.21 (5.65%)
Matrix Service Co
4.10 USD+0.28 (7.33%)
NGL Energy Partners LP
1.31 USD0.00 (0.00%)
OGE Energy Corp.
34.50 USD+0.52 (1.53%)
ONE Gas Inc
71.96 USD+1.93 (2.76%)
ONEOK, Inc.
55.68 USD+2.22 (4.15%)
Ovintiv Inc
53.15 USD+1.22 (2.35%)
PHX Minerals Inc
3.74 USD+0.18 (5.06%)
SandRidge Energy Inc.
18.64 USD+0.23 (1.25%)
Unit Corp
54.40 USD−0.60 (1.09%)
Williams Companies Inc
30.41 USD+1.05 (3.58%)
Diesel Price Hike: Diesel price for bulk users hiked Rs 25/litre; private retailers stare at closure - The Economic Times
 Other energy stocks had a strong day in trading including a 9% gain for Tellurian Inc. according to the Texas Energy Report.

Apache (APA) up 1.11 at 41.86 – change 2.72%

Cheniere (LNG) down 6.56 at 178.17 – change 3.82%

Chevron (CVX) up 7.64 at 165.28 – change 4.84%

ConocoPhillips (COP) up 6.44 at 122.74 – change 5.53%

Diamondback Energy (FANG) up 4.11 at 145.28 – change 2.91%

Energy Transfer LP (ET) up 0.21 at 11.71 – change 1.82%

Enterprise Products Partners (EPD) up 0.42 at 25.06 – change 1.70%

EOG Resources (EOG) up 3.88 at 127.34 – change 3.14%

ExxonMobil (XOM) up 3.44 at 101.87 – change 3.49%

Kinder Morgan (KMI) up 0.59 at 17.64 – change 3.46%

Marathon Oil Corp. (MRO) up 0.89 at 28.33 – change 3.24%

National Oilwell Varco (NOV) up 0.85 at 18.73 – change 4.75%

Occidental Petroleum (OXY) up 2.89 at 68.00 – change 4.43%

Phillips 66 (PSX) up 3.96 at 96.90 – change 4.26%

Pioneer Natural Resources (PXD) up 6.56 at 253.45 – change 2.65%

Tellurian Inc. (TELL) up 0.23 at 2.77 – change 9.05%

Valero (VLO) up 5.66 at 120.86 – change 4.91%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 3.04 at 84.78 – change 3.71%

CenterPoint (CNP) up 0.50 at 26.05 – change 1.95%

Entergy (ETR) up 3.98 at 100.56 – change 4.12%