Crude oil prices finished the week with two straight days of losses and Energy Secretary Jennifer Granholm’s comments about taking years to refill the Strategic Petroleum Reserve continued having an impact. Plus, there was continued worry as European banking shares fell.
Oklahoma energy stocks also finished the week with stronger gains.
West Texas Intermediate crude dropped 70 cents or 1% to close at $69.26 a barrel on the New York Stock Exchange.
Global benchmark Brent crude finished down 92 cents or 1.2% to $74.99 on ICE Futures Europe.
Most Oklahoma energy stocks rebounded on Friday including OGE Energy Corp with a nearly 4% gain for the day. Others had gains of 2 to 3%.
Just as Oklahoma energy stocks rebounded Friday, so did other energy stocks according to the Texas Energy Report.
APA Corp. (Apache) (APA) up 0.50 at 34.51 – change 1.47%
Cheniere (LNG) up 0.68 at 147.33 – change 0.46%
Chevron (CVX) up 1.54 at 156.06 – change 0.99%
ConocoPhillips (COP) down 0.99 at 95.43 – change 1.03%
Diamondback Energy (FANG) down 1.21 at 125.42 – change 0.96%
Energy Transfer LP (ET) up 0.02 at 11.70 – change 0.17%
Enterprise Products Partners (EPD) up 0.34 at 25.31 – change 1.36%
EOG Resources (EOG) up 0.71 at 105.49 – change 0.67%
ExxonMobil (XOM) up 0.12 at 103.53 – change 0.11%
Kinder Morgan (KMI) up 0.40 at 16.79 – change 2.44%
Marathon Oil Corp. (MRO) up 0.16 at 22.16 – change 0.72%
NOV Inc. (NOV) down 0.02 at 17.25 – change 0.12%
Occidental Petroleum (OXY) down 0.30 at 58.18 – change 0.52%
Phillips 66 (PSX) up 0.19 at 93.73 – change 0.20%
Pioneer Natural Resources (PXD) up 3.04 at 192.22 – change 1.60%
Tellurian Inc. (TELL) up 0.06 at 1.05 – change 6.67%
Valero (VLO) down 1.13 at 129.26 – change 0.86%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 3.68 at 89.09 – change 4.30%
CenterPoint (CNP) up 1.02 at 28.34 – change 3.73%
Entergy (ETR) up 3.34 at 103.69 – change 3.32%
