Crude oil prices jumped more than $3 in Monday’s trading and Oklahoma energy stocks had an equally strong day with one firm recording a more than 11% gain for the day.
Experts say Iraq’s halt on some crude exports from its Kurdistan region gave a shot in the arm to crude oil prices.
West Texas Intermediate crude gained 5.1% on a $3.55 increase per barrel to settle at $72.81. WTI had rebounded 3.8% in the previous week in trading on the New York Mercantile Exchange.
Global benchmark Brent crude gained $3.13 or 4.2% and finished the day at $78.12 a barrel on ICE Futures Europe.
April natural gas fell 13 cents to $2.09 per 1,000 cubic feet.
Monday turned out to be quite a strong day for most Oklahoma energy stocks. NGL Energy Partners soared more than 11% while Mammoth Energy went up 6% and Helmerich & Payne rose 5%.
Other energy stocks recorded a strong trading day according to the Texas Energy Report.
APA Corp. (Apache) (APA) up 0.87 at 35.38 – change 2.52%
Cheniere (LNG) up 1.37 at 148.69 – change 0.92%
Chevron (CVX) up 1.59 at 157.65 – change 1.01%
ConocoPhillips (COP) up 2.04 at 97.48 – change 2.14%
Diamondback Energy (FANG) up 3.14 at 128.56 – change 2.50%
Energy Transfer LP (ET) up 0.14 at 11.84 – change 1.19%
Enterprise Products Partners (EPD) up 0.04 at 25.35 – change 0.15%
EOG Resources (EOG) up 2.89 at 108.38 – change 2.73%
ExxonMobil (XOM) up 2.27 at 105.80 – change 2.19%
Kinder Morgan (KMI) up 0.10 at 16.89 – change 0.59%
Marathon Oil Corp. (MRO) up 0.74 at 22.90 – change 3.33%
NOV Inc. (NOV) up 0.55 at 17.80 – change 3.18%
Occidental Petroleum (OXY) up 1.47 at 59.65 – change 2.52%
Phillips 66 (PSX) up 2.50 at 96.23 – change 2.66%
Pioneer Natural Resources (PXD) up 2.20 at 194.42 – change 2.14%
Tellurian Inc. (TELL) up 0.03 at 1.08 – change 2.85%
Valero (VLO) up 2.62 at 131.88 – change 2.02%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.54 at 88.55 – change 0.61%
CenterPoint (CNP) up 0.16 at 28.50 – change 0.56%
Entergy (ETR) up 0.82 at 104.51 – change 0.79%