Crude made 2% gain on Friday while OK energy stocks rebounded 5% and 6%

  • April 28, 2023

 

Crude oil prices managed a 2% gain on Friday and Oklahoma energy stocks saw 5% and 6% increases for the day after most energy firms posted positive earnings and crude output in the U.S. was declining while fuel demand grew.

West Texas Intermediate crude went up $2.02 a barrel or 2.7% to finish at $76.78 on the New York Mercantile Exchange.

Brent crude finished the last day of the front-month up $1.17 or 1.5% and settled at $79.54 a barrel on ICE Futures Europe.

Natural Gas rose 6 cents or 2.34% to settle at $2.41.

Reuters reported that despite the daily gains, despite the daily gains, Brent and WTI both declined for a second week in a row, with Brent posting a fourth straight monthly decline as disappointing U.S. economic data and uncertainty over interest rates weighed on the demand outlook.

 

Most Oklahoma energy stocks had a strong rebound on Friday with Gulfport Energy seeing a 6% gain, and Ovintiv 5%. But Mammoth Energy also recorded a 5% loss.

 

Alliance Resource Partners, L.P.
20.89 USD+0.14 
Canoo Inc
0.76 USD−0.0027 
Chesapeake Energy Ord Shs
82.68 USD+2.32 
Coterra Energy Inc
25.60 USD+0.44 
Devon Energy Corp
53.43 USD+1.18 
Empire Petroleum Corp
10.85 USD−0.15 
Gulfport Energy Corp
90.46 USD+5.03 
Helmerich & Payne, Inc.
33.16 USD−0.18 
LSB Industries Inc
8.93 USD+0.10 
Magellan Midstream Partners LP
55.80 USD+0.050 
Mammoth Energy Services Inc
3.69 USD−0.21 
Matrix Service Co
4.76 USD−0.020 
NGL Energy Partners LP
2.93 USD+0.080 
OGE Energy Corp.
37.54 USD−0.19 
ONE Gas Inc
76.95 USD−1.25 
ONEOK, Inc.
65.41 USD+1.07 
Ovintiv Inc
36.08 USD+1.54 
PHX Minerals Inc
2.71 USD+0.080 
SandRidge Energy Inc
14.17 USD+0.28 
Unit Corp
43.00 USD−0.27 
 Vital Energy Inc
46.53 USD+1.51 
Williams Companies Inc
30.26 USD+0.45 
Other energy stocks recorded gains too according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 1.19 at 36.85 – change 3.33%

Cheniere (LNG) up 1.39 at 153.00 – change 0.91%

Chevron (CVX) up 1.63 at 168.58 – change 0.97%

ConocoPhillips (COP) up 1.66 at 102.89 – change 1.63%

Diamondback Energy (FANG) up 4.13 at 142.19 – change 2.99%

Energy Transfer LP (ET) up 0.09 at 12.88 – change 0.70%

Enterprise Products Partners (EPD) up 0.01 at 26.31 – change 0.03%

EOG Resources (EOG) up 3.63 at 119.47 – change 3.13%

ExxonMobil (XOM) up 1.51 at 118.34 – change 1.29%

Kinder Morgan (KMI) up 0.11 at 17.14 – change 0.66%

Marathon Oil Corp. (MRO) up 0.68 at 24.16 – change 2.89%

NOV Inc. (NOV) up 0.19 at 16.75 – change 1.14%

Occidental Petroleum (OXY) up 0.95 at 61.53 – change 1.56%

Phillips 66 (PSX) up 1.26 at 99.00 – change 1.28%

Pioneer Natural Resources (PXD) up 4.74 at 217.55 – change 2.22%

Tellurian Inc. (TELL) up 0.05 at 1.42 – change 3.64%

Valero (VLO) up 0.03 at 114.67 – change 0.02%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.39 at 92.42 – change 0.43%

CenterPoint (CNP) down 0.35 at 30.47 – change 1.14%

Entergy (ETR) up 0.40 at 107.58 – change 0.37%

Jerry Bohnen