Will the strong gains recorded Friday by crude oil prices and Oklahoma energy stocks continue through Monday? It’s the question investors want to know.
Crude gained more than $1 a barrel while Oklahoma energy stocks made strong increases with some firms seeing 5% and 6% gains. What drove the gains? Renewed optimism over increased demand from top oil importer China.
West Texas Intermediate crude rose $1.52 a barrel or 1.9% to close Friday at $79.68 on the New York Mercantile Exchange.
Brent crude, the global benchmark increased $1.08 or 1.3% per barrel to close at $85.83 on ICE Futures Europe.
April natural gas rose 24 cents to $3.01 per 1,000 cubic feet.
Friday was another strong day for Oklahoma energy stocks. How good? Mammoth Energy gained 6% while Gulfport and Vital Energy had 5% jumps.
Other energy stocks performed strongly too according to the Texas Energy Report.
APA Corp. (Apache) (APA) up 0.88 at 41.15 – change 2.18%
Cheniere (LNG) up 1.06 at 164.38 – change 0.64%
Chevron (CVX) up 2.40 at 164.96 – change 1.47%
ConocoPhillips (COP) up 0.31 at 108.64 – change 0.28%
Diamondback Energy (FANG) up 2.60 at 146.76 – change 1.80%
Energy Transfer LP (ET) up 0.10 at 13.05 – change 0.77%
Enterprise Products Partners (EPD) up 0.10 at 26.09 – change 0.38%
EOG Resources (EOG) up 0.97 at 121.77 – change 0.80%
Kinder Morgan (KMI) up 0.19 at 17.64 – change 1.08
Marathon Oil Corp. (MRO) up 0.43 at 26.53 – change 1.64%
NOV Inc. (NOV) up 0.56 at 23.18 – change 2.52%
Phillips 66 (PSX) up 0.21 at 106.02 – change 0.19%
Pioneer Natural Resources (PXD) up 5.61 at 209.83 – change 2.74%
Tellurian Inc. (TELL) up 0.03 at 1.56 – change 1.96%
Valero (VLO) up 1.94 at 141.16 – change 1.39%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.10 at 89.09 – change 1.25%
CenterPoint (CNP) up 0.42 at 28.41 – change 1.50%
Entergy (ETR) up 1.35 at 105.07 – change 1.30%