Monday saw Oklahoma energy stocks and crude oil prices make gains for the day as losses recorded last week were reversed, thanks to optimistic investors. They believe holiday travel in China will give a kick-start to fuel demand in the globe’s biggest oil importer.
West Texas Intermediate crude rose 89 cents or 1.1% to close at $78.76 on the New York Mercantile Exchange.
Brent crude, the global benchmark, gained $1.07 or 1.3% to settle at $82.73 a barrel in trading on ICE Futures Europe.
Their gains after both finished down more than 5% last week.
Oklahoma energy stocks had their best day Monday in several days of trading as Vital Energy scored a more than 4% gain while LSB Industries rose nearly 5% and Devon Energy along with Chesapeake Energy saw 2% boosts.
APA Corp. (Apache) (APA) up 0.62 at 37.85 – change 1.66%
Cheniere (LNG) up 2.39 at 152.80 – change 1.58%
Chevron (CVX) up 2.36 at 171.48 – change 1.39%
ConocoPhillips (COP) up 1.39 at 103.65 – change 1.35%
Diamondback Energy (FANG) up 2.40 at 143.49 – change 1.70%
Energy Transfer LP (ET) down 0.08 at 12.69 – change 0.63%
Enterprise Products Partners (EPD) up 0.01 at 26.82 – change 0.03%
EOG Resources (EOG) up 1.87 at 119.18 – change 1.59%
ExxonMobil (XOM) up 2.19 at 118.20 – change 1.88%
Kinder Morgan (KMI) up 0.25 at 17.62 – change 1.43%
Marathon Oil Corp. (MRO) up 0.64 at 24.73 – change 4.65%
NOV Inc. (NOV) up 0.52 at 18.80 – change 2.84%
Occidental Petroleum (OXY) up 0.89 at 62.76 – change 1.43%
Phillips 66 (PSX) up 0.54 at 100.69 – change 0.53%
Pioneer Natural Resources (PXD) up 2.46 at 227.24 – change 1.09%
Tellurian Inc. (TELL) up 0.08 at 1.44 – change 5.88%
Valero (VLO) up 0.37 at 120.00 – change 0.30%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.32 at 94.24 – change 0.34%
CenterPoint (CNP) up 0.28 at 30.81 – change 0.91%
Entergy (ETR) up 0.39 at 109.03 – change 0.35%