![Oil Boom 2022: U.S. Oil Price Tops $90 For First Time Since 2014 [Updated]](https://imageio.forbes.com/specials-images/imageserve/60e38cb085f7d65fbaaa4e5b/Oil-Prices-Moving-Up/960x0.jpg?format=jpg&width=960)
U.S. consumer confidence rebounded this week and on Wednesday, crude oil prices shot up nearly 3%. The gain was also seen after there was a larger-than-expected draw in U.S. crude stockpiles.
West Texas Intermediate crude for February delivery went up $2.06 per barrel or 2.90% to reach $78.29 on the New York Mercantile Exchange.
Global benchmark Brent crude for February delivery gained 2.90% or $2.21 a barrel and settled at $82.20 on ICE Futures Europe.
January natural gas was unchanged at $5.33 per 1,000 cubic feet.
The increased crude oil prices resulted in gains for most Oklahoma energy stocks including a 6% increase for Empire Petroleum and 5% growth for Gulfport Energy, Laredo Petroleum and Ovintiv.
Apache (APA) up 2.54 at 46.67 – change 5.75%
Cheniere (LNG) up 3.62 at 157.32 – change 2.35%
Chevron (CVX) up 2.02 at 174.70 – change 1.17%
ConocoPhillips (COP) up 3.63 at 116.28 – change 3.22%
Diamondback Energy (FANG) up 2.06 at 137.00 – change 1.52%
Energy Transfer LP (ET) up 0.27 at 11.95 – change 2.31%
Enterprise Products Partners (EPD) up 0.16 at 23.55 – change 0.68%
EOG Resources (EOG) up 3.52 at 130.01 – change 2.78%
ExxonMobil (XOM) up 1.37 at 108.06 – change 1.28%
Kinder Morgan (KMI) up 0.27 at 17.88 – change 1.53%
Marathon Oil Corp. (MRO) up 0.59 at 27.74 – change 2.17%
NOV Inc. (NOV) up 0.37 at 20.48 – change 1.83%
Occidental Petroleum (OXY) up 1.36 at 63.73 – change 2.18%
Phillips 66 (PSX) up 0.71 at 103.35 – change 0.69%
Pioneer Natural Resources (PXD) up 1.58 at 225.56 – change 2.69%
Tellurian Inc. (TELL) down 0.12 at 1.85 – change 6.10%
Valero (VLO) up 0.80 at 122.68 – change 0.65%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.67 at 95.34 – change 1.78%
CenterPoint (CNP) up 0.56 at 30.53 – change 1.86%
Entergy (ETR) up 1.31 at 114.10 – change 1.16%
