The tightening of oil supplies around the world sent crude oil prices upward by more than a dollar a barrel on Friday and Oklahoma energy stocks also recorded gains for another day.
The price gains were also boosted by U.S. inflation data that indicated price rises were slowing.
West Texas Intermediate for delivery in May rose $1.30 a barrel to $75.67 on the New York Mercantile Exchange.
Global benchmark Brent crude managed a 50 cent increase to $79.77 a barrel. However, Brent crude for June delivery rose $1.29 or 1.6% and closed at $79.89 a barrel on ICE Futures Europe.
May natural gas rose 12 cents to $2.22 per 1,000 cubic feet.
The day saw moderate gains posted by the majority of Oklahoma energy stocks including 3% increases for Matrix Service Co., and Ovintiv. But PHX Minerals recorded a 3% loss for the day.
From the Texas Energy Report, a listing of the performances of other energy stocks.
APA Corp. (Apache) (APA) up 0.68 at 36.06 – change 1.92%
Cheniere (LNG) up 0.71 at 157.60 – change 0.45%
Chevron (CVX) up 0.77 at 163.16 – change 0.47%
ConocoPhillips (COP) down 0.04 at 99.21 – change 0.05%
Diamondback Energy (FANG) up 1.87 at 135.16 – change 1.40%
Energy Transfer LP (ET) up 0.03 at 12.47 – change 0.24%
Enterprise Products Partners (EPD) up 0.15 at 25.90 – change 0.58%
EOG Resources (EOG) up 1.09 at 114.63 – change 0.96%
ExxonMobil (XOM) up 0.17 at 109.66 – change 0.15%
Kinder Morgan (KMI) up 0.21 at 17.51 – change 1.21%
Marathon Oil Corp. (MRO) up 0.25 at 23.96 – change 1.05%
NOV Inc. (NOV) up 0.37 at 18.51 – change 2.03%
Occidental Petroleum (OXY) up 0.11 at 62.43 – change 0.17%
Phillips 66 (PSX) up 1.39 at 101.38 – change 1.39%
Pioneer Natural Resources (PXD) up 2.18 at 204.24 – change 1.07%
Tellurian Inc. (TELL) up 0.03 at 1.23 – change 2.50%
Valero (VLO) up 2.58 at 139.60 – change 1.88%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.56 at 90.99 – change 0.61%
CenterPoint (CNP) up 0.12 at 29.46 – change 0.40%
Entergy (ETR) up 0.76 at 107.74 – change 0.71%