Crude gained while OK energy stocks dropped on Monday

Crude oil prices managed slight gains on Monday but Oklahoma energy stocks suffered with 4% and 5% losses.

Prices bounced back from early losses and oil executives express hopes for rising Chinese demand.

West Texas Intermediate crude rose 78 cents or 1% and closed at $80.46 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude rose 35 cents or 0.4% to finish at $86.18 on ICE Futures Europe.

April natural gas fell 44 cents to $2.57 per 1,000 cubic feet.

Most Oklahoma energy stocks suffered losses in Monday’s trading including Unit Corporation with a 5% drop.

One company, NGL Energy, made a more than 10% gain following the announced $112 million sale of its maritime assets in the Gulf Coast.