Thursday’s trading brought about a 3% gain for crude oil prices as they reached a one-week high and also resulted in 4% gains for Oklahoma energy stocks.
The weaker U.S. dollar and a jump in refinery runs in top crude importer China were responsible for the increased oil prices.
West Texas Intermediate crude, the U.S. benchmark, increased $2.35 or 3.4% per barrel to close at $70.62 on the New York Mercantile Exchange.
Global benchmark Brent crude saw a gain of $2.47 or 3.4% per barrel and finished at $75.67 on ICE Futures Europe.
Both had their highest closes since June 8.
Natural gas up 0.19 at $2.53 – change 8.16%
Oklahoma energy stocks experienced some gains for the day including 4% increases for NGL Energy Partners and Unit Corporation. Others such as Coterra Energy, PHX Minerals and SandRidge Energy made 3% gains.
APA Corp. (Apache) (APA) up 1.02 at 34.67 – change 3.03%
Cheniere (LNG) up 0.18 at 147.18 – change 0.12%
Chevron (CVX) up 1.19 at 158.28 – change 0.75%
ConocoPhillips (COP) up 1.48 at 104.15 – change 1.44%
Diamondback Energy (FANG) down 0.12 at 126.66 – change 0.10%
Energy Transfer LP (ET) up 0.19 at 12.84 – change 1.50%
Enterprise Products Partners (EPD) up 0.28 at 26.32 – change 1.07%
EOG Resources (EOG) up 1.03 at 111.70 – change 0.93%
ExxonMobil (XOM) up 0.73 at 105.89 – change 0.69%
Kinder Morgan (KMI) up 0.11 at 17.01 – change 0.65%
Marathon Oil Corp. (MRO) up 0.48 at 23.29 – change 2.10%
NOV Inc. (NOV) up 0.47 at 15.85 – change 3.05%
Occidental Petroleum (OXY) down 0.05 at 58.42 – change 0.09%
Phillips 66 (PSX) up 1.32 at 97.02 – change 1.37%
Pioneer Natural Resources (PXD) up 2.00 at 203.29 – change 0.99%
Tellurian Inc. (TELL) up 0.12 at 1.34 – change 9.83%
Valero (VLO) up 2.20 at 114.03 – change 1.96%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.27 at 84.88 – change 1.51%
CenterPoint (CNP) up 0.24 at 29.27 – change 0.82%
Entergy (ETR) up 0.89 at 102.19 – change 0.87%