Crude oil prices grew by $1 a barrel in Thursday’s trading and Oklahoma energy stocks recorded a strong day with some firms seeing 8% and 9% gains.
The oil price jump came after figures showed U.S. consumer prices unexpectedly dropped in December, presumably by optimism over China’s demand outlook.
West Texas intermediate crude for February delivery gained 98 cents or 1.3% to settle at $78.39 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for March delivery went up 1.7% or $1.36 a barrel and finished at $84.03 on ICE Futures Europe.
Thursday proved to be a strong day for Oklahoma energy stocks. NGL Energy Partners rose more than 9% while Gulfport Energy shot up 8% and Mammoth Energy nearly 7%.
APA Corp. (Apache) (APA) up 1.53 at 45.35 – change 3.49%
Cheniere (LNG) up 4.01 at 153.47 – change 2.68%
Chevron (CVX) up 1.88 at 177.08 – change 1.77%
ConocoPhillips (COP) up 1.92 at 120.16 – change 1.62%
Diamondback Energy (FANG) up 3.09 at 145.33 – change 2.17%
Energy Transfer LP (ET) up 0.11 at 12.64 – change 0.87%
Enterprise Products Partners (EPD) up 0.12 at 25.66 – change 0.46%
EOG Resources (EOG) up 3.60 at 130.44 – change 2.83%
ExxonMobil (XOM) up 1.85 at 113.22 – change 1.66%
Kinder Morgan (KMI) up 0.11 at 18.89 – change 0.58%
Marathon Oil Corp. (MRO) up 0.33 at 27.38 – change 1.21%
NOV Inc. (NOV) up 0.28 at 23.02 – change 1.27%
Occidental Petroleum (OXY) up 1.65 at 65.73 – change 2.57%
Phillips 66 (PSX) up 1.44 at 102.86 – change 1.41%
Pioneer Natural Resources (PXD) up 7.58 at 239.18 – change 3.27%
Tellurian Inc. (TELL) up 0.10 at 2.13 – change 4.92%
Valero (VLO) up 1.72 at 135.32 – change 1.28%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.22 at 96.41 – change 1.25%
CenterPoint (CNP) down 0.08 at 31.07 – change 0.26%
Entergy (ETR) down 1.95 at 106.84 – change 1.80%