Wednesday’s trading produced strong results of 5% and 6% gains for some Oklahoma energy stocks while crude oil prices rose 1%.
Crude prices gained as Saudi Arabia’s plans for oil production cuts offset worried about rising U.S. fuel stocks as indicated by the Energy Information Administration’s reports on crude stored at the Cushing hub.
West Texas Intermediate crude gained 79 cents or 1.1% to close at $72.53 a barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark, rose 66 cents or 0.9% to finish at $76.95 a barrel on ICE Futures Europe.
Crude prices managed gains this week, including $1 a barrel on Monday, after Saudi Arabia said it plans to reduce crude oil output in July.
July natural gas rose 7 cents to $2.33 per 1,000 cubic feet.
It was another strong day for Oklahoma energy stocks as some recorded gains of 5% and 6%.
APA Corp. (Apache) (APA) up 1.06 at 34.40 – change 3.17%
Cheniere (LNG) up 3.44 at 145.24 – change 2.42%
Chevron (CVX) up 4.04 at 159.83 – change 2.59%
ConocoPhillips (COP) up 2.87 at 104.81 – change 2.81%
Diamondback Energy (FANG) up 3.22 at 134.18 – change 2.45%
Energy Transfer LP (ET) down 0.01 at 12.90 – change 0.08%
Enterprise Products Partners (EPD) up 0.23 at 26.22 – change 0.88%
EOG Resources (EOG) up 3.44 at 116.25 – change 3.04%
ExxonMobil (XOM) up 2.38 at 108.53 – change 2.24%
Kinder Morgan (KMI) up 0.38 at 17.23 – change 2.25%
Marathon Oil Corp. (MRO) up 1.12 at 24.31 – change 4.87%
NOV Inc. (NOV) up 0.34 at 15.84 – change 2.19%
Occidental Petroleum (OXY) up 0.60 at 60.04 – change 1.00%
Phillips 66 (PSX) up 4.23 at 101.05 – change 4.36%
Pioneer Natural Resources (PXD) up 3.36 at 206.81 – change 1.65%
Tellurian Inc. (TELL) up 0.10 at 1.34 – change 8.06%
Valero (VLO) up 4.25 at 113.52 – change 3.88%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.13 at 84.58 – change 1.36%
CenterPoint (CNP) up 0.41 at 28.97 – change 1.43%
Entergy (ETR) up 2.34 at 101.31 – change 2.36%