Oil prices rose 1% in Monday’s trading and Oklahoma energy stocks saw gains as well.
As world stocks rallied to their highest levels since mid-December, China reopened its borders giving rise to optimism in the future fuel demand around the world.
West Texas Intermediate crude rose 86 cents or 1.2% and settled at $74.63 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude went up $1.08 a barrel or 1.4% and finished at $79.65 on ICE Futures Europe.
February natural gas rose 20 cents to $3.91 per 1,000 cubic feet.
Most Oklahoma energy stocks recorded gains in Monday’s trading including a 4% increase for Gulfport Energy Corp. and 5% for Mammoth Energy Services Inc.
3.88 USD+0.080
APA Corp. (Apache) (APA) up 0.48 at 43.37 – change 1.11%
Cheniere (LNG) up 0.61 at 143.49 – change 0.42%
Chevron (CVX) down 1.38 at 175.18 – change 0.79%
ConocoPhillips (COP) down 0.87 at 117.36 – change 0.34%
Diamondback Energy (FANG) up 3.35 at 141.49 – change 2.42%
Energy Transfer LP (ET) up 0.16 at 12.31 – change 1.31%
Enterprise Products Partners (EPD) up 0.32 at 25.32 – change 1.28%
EOG Resources (EOG) up 0.28 at 127.75 – change 0.21%
ExxonMobil (XOM) down 2.06 at 108.47 – change 1.87%
Kinder Morgan (KMI) up 0.13 at 18.71 – change 0.69%
Marathon Oil Corp. (MRO) up 0.43 at 27.03 – change 1.61%
NOV Inc. (NOV) up 1.12 at 22.87 – change 5.14%
Occidental Petroleum (OXY) up 0.33 at 64.08 – change 0.51%
Phillips 66 (PSX) up 3.69 at 102.01 – change 3.50%
Pioneer Natural Resources (PXD) down 3.30 at 230.16 – change 1.42%
Tellurian Inc. (TELL) up 0.07 at 1.86 – change 3.91%
Valero (VLO) up 1.02 at 128.58 – change 0.79%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.42 at 97.95 – change 1.47%
CenterPoint (CNP) up 0.48 at 30.47 – change 1.60%
Entergy (ETR) up 0.78 at 108.46 – change 0.72%