Oil prices rose 3% on Wednesday and Oklahoma energy stocks had a good day as well.
It proved to be a one-week high for crude based on an improved global economic outlook. Analysts indicated the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks.
West Texas Intermediate crude for February delivery went up $2.29 a barrel or 3.1% to settle at $77.41 on the New York Mercantile Exchange.
Global benchmark Brent crude rose 3.2% on a $2.57 increase, finishing at $82.6i7 a barrel on ICE Futures Europe.
Both benchmarks settled at their highest since Dec. 30, with WTI up for a fifth day in a row for the first time since October and Brent up for a third day in a row for the first time since December reported Reuters.
February natural gas rose 3 cents to $3.67 per 1,000 cubic feet.
Gains were recorded by most Oklahoma energy stocks including 4% for NGL Energy Partners and Gulfport Energy Corporation.
APA Corp. (Apache) (APA) up 0.57 at 43.82 – change 1.34%
Cheniere (LNG) up 2.95 at 149.46 – change 2.01%
Chevron (CVX) down 0.84 at 175.20 – change 0.48%
ConocoPhillips (COP) up 0.16 at 118.24 – change 0.13%
Diamondback Energy (FANG) up 0.28 at 142.24 – change 0.20%
Energy Transfer LP (ET) up 0.14 at 12.53 – change 1.12%
Enterprise Products Partners (EPD) up 0.17 at 25.54 – change 0.67%
EOG Resources (EOG) down 0.76 at 126.85 – change 0.60%
ExxonMobil (XOM) up 1.28 at 111.37 – change 1.16%
Kinder Morgan (KMI) up 0.04 at 18.78 – change 0.21%
Marathon Oil Corp. (MRO) up 0.04 at 27.05 – change 0.14%
NOV Inc. (NOV) down 0.11 at 22.73 – change 0.49%
Occidental Petroleum (OXY) down 0.06 at 64.09 – change 0.10%
Phillips 66 (PSX) down 0.15 at 101.42 – change 0.15%
Pioneer Natural Resources (PXD) up 0.44 at 231.60 – change 0.19%
Tellurian Inc. (TELL) up 0.17 at 2.02 – change 9.13%
Valero (VLO) up 1.59 at 133.60 – change 1.20%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.35 at 97.63 – change 0.35%
CenterPoint (CNP) up 0.59 at 31.15 – change 1.93%
Entergy (ETR) up 1.06 at 108.79 – change 0.98%
