A pledge by exporter Saudi Arabia that OPEC+ would comply with its announced cuts in output sent crude oil prices up at least 1% in Tuesday’s trading. Oklahoma energy stocks saw gains as well.
West Texas Intermediate crude for January delivery saw a 91 cent gain to $80.95 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for January delivery rose the same amount, 91 cents a barrel, and closed at $88.36 on ICE Futures Europe.
December natural gas was unchanged at $6.78 per 1,000 cubic feet.
Oklahoma energy stocks recorded gains for the day including 6% for Laredo Petroleum and Mammoth Energy Services and 5% for Helmerich & Payne.