Another strong performance for OK energy stocks as crude rose Friday

Will Collapse in Oil Price Cause a Stock Market Crash? - Our World

 

Friday saw a gain in crude oil prices as they settled up for the day but were down for the week as a whole. Oklahoma energy stocks also had their second straight strong performance.

What led to the gain? Mostly China’s easing of restrictions to battle continued COVID-19 cases. The action by the Communist country that’s a major importer of U.S. oil raised hopes for improved economic activity.

West Texas Intermediate crude for December delivery finished up nearly 3% or $2.49 a barrel and closed at $88.96 on the New York Mercantile Exchange. For the week, WTI was down nearly 4%.

Global benchmark Brent crude for January delivery finished up $2.32 or more than 2% to close at $95.99 a barrel on ICE Futures Europe.

December natural gas fell 6% on a  36 cent drop to $5.88 per 1,000 cubic feet.

Friday proved to be another strong day for Oklahoma energy stocks including Mammoth Energy with a 9% gain and Ovintiv with a 7% boost.

Alliance Resource Partners, L.P.
21.18 USD−0.91 (4.12%)
Chesapeake Energy Ord Shs
102.43 USD+0.62 (0.61%)
Continental Resources, Inc.
74.18 USD+0.13 (0.18%)
Coterra Energy Inc
28.45 USD+0.92 (3.34%)
Devon Energy Corp
71.80 USD+2.82 (4.09%)
Empire Petroleum Corp
15.05 USD−0.24 (1.57%)
Gulfport Energy Corp
87.59 USD+1.28 (1.48%)
Helmerich & Payne, Inc.
52.21 USD+1.99 (3.96%)
LSB Industries Inc
13.52 USD−0.32 (2.35%)
Laredo Petroleum Inc
68.60 USD+2.07 (3.11%)
Magellan Midstream Partners LP
53.00 USD+0.59 (1.13%)
Mammoth Energy Services Inc
7.23 USD+0.59 (8.89%)
Matrix Service Co
5.38 USD−0.12 (2.18%)
NGL Energy Partners LP
1.34 USD−0.020 (1.47%)
OGE Energy Corp.
38.40 USD−0.16 (0.41%)
ONE Gas Inc
81.36 USD−0.98 (1.19%)
ONEOK, Inc.
64.65 USD+1.25 (1.97%)
Ovintiv Inc
57.59 USD+3.75 (6.97%)
PHX Minerals Inc
3.81 USD−0.090 (2.31%)
SandRidge Energy Inc
20.42 USD+0.53 (2.66%)
Unit Corp
62.50 USD+2.25 (3.73%)
Williams Companies Inc
34.08 USD+0.46 (1.37%)
Treasury Department assures Wall Street it can still trade Russian oil
 Other energy stocks also performed strongly on Friday according to the Texas Energy Report.

Apache (APA) up 1.76 at 48.76 – change 3.74%

Cheniere (LNG) down 5.56 at 161.76 – change 3.33%

Chevron (CVX) up 5.16 at 186.46 – change 2.84%

ConocoPhillips (COP) up 4.50 at 133.96 – change 3.47%

Diamondback Energy (FANG) up 4.07 at 164.35 – change 2.53%

Energy Transfer LP (ET) down 0.12 at 12.20 – change 0.98%

Enterprise Products Partners (EPD) up 0.03 at 25.00 – change 0.12%

EOG Resources (EOG) up 4.80 at 147.11 – change 3.37%

ExxonMobil (XOM) up 3.45 at 113.95 – change 3.12%

Kinder Morgan (KMI) up 0.49 at 18.69 – change 2.69%

Marathon Oil Corp. (MRO) up 1.28 at 32.88 – change 4.05%

National Oilwell Varco (NOV) up 0.68 at 23.57 – change 2.97%

Occidental Petroleum (OXY) up 3.85 at 74.33 – change 5.46%

Phillips 66 (PSX) up 5.05 at 111.30 – change 1.76%

Pioneer Natural Resources (PXD) up 10.18 at 255.63 – change 4.14%

Tellurian Inc. (TELL) up 0.15 at 2.96 – change 5.33%

Valero (VLO) up 1.51 at 133.96 – change 1.14%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.82 at 89.98 – change 1.99%

CenterPoint (CNP) down 0.27 at 29.13 – change 0.92%

Entergy (ETR) down 0.41 at 110.63 – change 0.37%