Oklahoma energy stocks recorded even larger gains on Thursday as crude oil prices rose 1%, ending three days of declines. The increase in crude oil prices was reported to be due to China’s actions dealing with COVID-19 and how they might affect worldwide fuel demand.
West Texas Intermediate crude oil for December delivery rose 64 cents to settle at $86.47 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for delivery in January increased $1.02 a barrel to close at $93.67 on ICE Futures Europe.
December natural gas rose 37 cents to $6.24 per 1,000 cubic feet.
Oklahoma energy stocks followed up big gains on Wednesday with even bigger gains on Thursday. How about the 24% jump for Mammoth Energy? It was the most dramatic of stock increases for Oklahoma energy firms. Laredo Petroleum had an 8% gain while 6% gains were recorded by Gulfport Energy, Ovintiv, and Unit Corporation.
Apache (APA) up 1.45 at 47.00 – change 3.18%
Cheniere (LNG) up 4.45 at 167.32 – change 2.37%
Chevron (CVX) up 3.37 at 181.30 – change 1.89%
ConocoPhillips (COP) up 4.20 at 129.46 – change 3.35%
Diamondback Energy (FANG) up 2.73 at 160.28 – change 1.73%
Energy Transfer LP (ET) up 0.35 at 12.32 – change 2.92%
Enterprise Products Partners (EPD) up 0.47 at 24.97 – change 1.91%
EOG Resources (EOG) up 2.69 at 142.31 – change 1.92%
ExxonMobil (XOM) up 1.60 at 110.50 – change 1.46%
Kinder Morgan (KMI) up 0.62 at 18.20 – change 3.52%
Marathon Oil Corp. (MRO) up 0.97 at 31.60 – change 3.16%
National Oilwell Varco (NOV) up 0.36 at 22.89 – change 1.59%
Occidental Petroleum (OXY) up 2.54 at 70.48 – change 3.75%
Phillips 66 (PSX) up 2.15 at 106.24 – change 2.06%
Pioneer Natural Resources (PXD) up 3.71 at 245.45 – change 1.53%
Tellurian Inc. (TELL) up 0.20 at 2.81 – change 7.66%
Valero (VLO) up 4.45 at 132.44 – change 3.47%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 3.98 at 91.80 – change 4.53%
CenterPoint (CNP) up 1.21 at 29.40 – change 4.29%
Entergy (ETR) up 4.99 at 111.04 – change 4.70%
