Crude oil made gains Tuesday on positive inflation news

Inflation Expected to Tick Down in Latest CPI Report

 

Crude oil prices made gains on Tuesday after there were signals from U.S. data indicating that inflation might be starting to decline.

West Texas Intermediate crude for December delivery recorded a $1.05 a barrel gain or more than 1% to settle at $86.92 on the New York Mercantile Exchange.

Global benchmark Brent crude for January delivery went up 72 cents or less than 1% and closed at $93.86 a barrel on ICE Futures Europe.

December natural gas rose 10 cents to $6.03 per 1,000 cubic feet.

Most Oklahoma energy stocks recorded gains for the day including a 5% increase for Ovintiv. The most dramatic drop of the day belonged to Mammoth Energy which suffered a nearly 24% loss.

 

Alliance Resource Partners, L.P.
22.38 USD+0.57 (2.61%
Chesapeake Energy Ord Shs
102.28 USD+3.09 (3.12%)
Continental Resources, Inc.
74.07 USD−0.080 (0.11%)
Coterra Energy Inc
27.81 USD+0.36 (1.31%)
Devon Energy Corp
73.62 USD+2.12 (2.97%)
Empire Petroleum Corp
14.30 USD0.00 (0.00%
Gulfport Energy Corp
85.83 USD+0.57 (0.67%)
Helmerich & Payne, Inc.
52.93 USD+1.43 (2.78%)
LSB Industries Inc
13.47 USD+0.010 (0.074%)
Laredo Petroleum Inc
68.53 USD+2.92 (4.45%)
Magellan Midstream Partners LP
52.06 USD−1.09 (2.05%)
Mammoth Energy Services Inc
6.09 USD−1.90 (23.78%)
Matrix Service Co
5.25 USD+0.020 (0.38%)
NGL Energy Partners LP
1.28 USD0.00 (0.00%)
OGE Energy Corp.
38.26 USD+0.14 (0.37%)
ONE Gas Inc
81.91 USD+0.44 (0.54%)
ONEOK, Inc.
65.25 USD+0.86 (1.34%)
Ovintiv Inc
58.48 USD+2.79 (5.01%)
PHX Minerals Inc
3.85 USD+0.13 (3.49%)
SandRidge Energy Inc
20.64 USD+0.41 (2.03%)
Unit Corp
60.06 USD−1.44 (2.34%)
Williams Companies Inc
33.90 USD+0.13 (0.38%)
10,324 Crude Oil Trading Stock Photos, Pictures & Royalty-Free Images - iStock
 Most other energy stocks recorded gains for the day according to the Texas Energy Report.

Apache (APA) up 1.83 at 49.04 – change 3.87%

Cheniere (LNG) up 0.87 at 165.37 – change 0.52%

Chevron (CVX) up 1.50 at 188.05 – change 0.80%

ConocoPhillips (COP) up 1.06 at 134.09 – change 0.79%

Diamondback Energy (FANG) up 3.46 at 167.03 – change 2.11%

Energy Transfer LP (ET) up 0.01 at 12.04 – change 0.08%

Enterprise Products Partners (EPD) down 0.01 at 24.89 – change 0.05%

EOG Resources (EOG) up 1.12 at 147.30 – change 0.76%

ExxonMobil (XOM) up 0.76 at 114.13 – change 0.67%

Kinder Morgan (KMI) up 0.13 at 18.66 – change 0.70%

Marathon Oil Corp. (MRO) up 0.53 at 32.94 – change 1.63%

National Oilwell Varco (NOV) up 0.47 at 23.67 – change 2.02%

Occidental Petroleum (OXY) up 1.14 at 74.43 – change 1.56%

Phillips 66 (PSX) up 0.85 at 111.11 – change 0.77%

Pioneer Natural Resources (PXD) up 6.95 at 262.39 – change 2.72%

Tellurian Inc. (TELL) up 0.15 at 2.92 – change 5.41%

Valero (VLO) up 3.91 at 140.71 – change 2.85%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.56 at 89.22 – change 0.63%

CenterPoint (CNP) unchanged at 29.13 – change 0.00%

Entergy (ETR) up 0.97 at 109.53 – change 0.89%