Crude oil prices turned things around in Monday’s trading, rising a dollar a barrel while Oklahoma energy stocks saw some major gains with the exception of ONEOK which plummeted 9% following word of its nearly $19 billion acquisition of Magellan Midstream.
West Texas Intermediate crude rose $1.07 or 1.5% to close at $71.11 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude gained $1.06 or 1.4% to finish at $75.23 a barrel on ICE Futures Europe.
Natural gas rose 11 cents or 4.81% to close at $2.38 per thousand cubic feet.
ONEOK shares suffered a major decline while shares in Magellan Midstream rose 13% following word of its acquisition. A few other Oklahoma energy companies made strong gains including Empire Petroleum at nearly 8%, Mammoth Energy at nearly 6%, Matrix Service at more than 12% and SandRidge Energy at more than 10%.
APA Corp. (Apache) (APA) down 0.04 at 32.94 – change 0.13%
Cheniere (LNG) up 1.89 at 149.80 – change 1.27%
Chevron (CVX) up 0.57 at 157.19 – change 0.37%
ConocoPhillips (COP) up 1.37 at 100.29 – change 1.38%
Diamondback Energy (FANG) up 0.96 at 128.96 – change 0.75%
Energy Transfer LP (ET) up 0.19 at 12.51 – change 1.54%
Enterprise Products Partners (EPD) up 0.02 at 25.94 – change 0.07%
EOG Resources (EOG) up 0.92 at 111.34 – change 0.83%
ExxonMobil (XOM) up 0.20 at 105.07 – change 0.19%
Kinder Morgan (KMI) down 0.10 at 16.70 – change 0.60%
Marathon Oil Corp. (MRO) up 0.28 at 22.67 – change 1.52%
NOV Inc. (NOV) up 0.27 at 15.10 – change 1.82%
Occidental Petroleum (OXY) up 0.43 at 58.52 – change 0.74%
Phillips 66 (PSX) up 1.00 at 94.22 – change 1.07%
Pioneer Natural Resources (PXD) up 2.00 at 206.78 – change 0.97%
Tellurian Inc. (TELL) up 0.09 at 1.34 – change 7.20%
Valero (VLO) up 2.39 at 112.91 – change 2.16%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.57 at 90.09 – change 1.72%
CenterPoint (CNP) down 0.54 at 29.51 – change 1.80%
Entergy (ETR) down 1.70 at 105.44 – change 1.59%