Crude oil prices and Oklahoma energy stocks went up in Tuesday’s trading—crude more than 1% after China indicated it will act to support economic growth in the world’s biggest oil importer.
Further, prices got support on expectations the Fed will stop raising interest rates soon.
West Texas Intermediate crude rose $1.60 or 2.2% to settle at $75.75 on the New York Mercantile Exchange. Brent crude managed an increase of $1.13 or 1.4% to finish at $79.63 a barrel on ICE Futures Europe.
August natural gas rose 12 cents to $2.63 per 1,000 cubic feet.
Some Oklahoma energy stocks rose as much as 4% in Tuesday’s trading while others recorded 3% and 2% gains for the day.
APA Corp. (Apache) (APA) up 1.55 at 37.88 – change 4.26%
Cheniere (LNG) up 3.51 at 158.50 – change 2.26%
Chevron (CVX) up 0.31 at 153.75 – change 0.20%
ConocoPhillips (COP) up 2.31 at 108.75 – change 2.17%
Diamondback Energy (FANG) up 3.34 at 138.81 – change 2.46%
Energy Transfer LP (ET) up 0.14 at 13.11 – change 1.07%
Enterprise Products Partners (EPD) up 0.10 at 26.78 – change 0.37%
EOG Resources (EOG) up 4.09 at 122.77 – change 3.44%
ExxonMobil (XOM) down 0.46 at 100.92 – change 0.46%
Kinder Morgan (KMI) up 0.15 at 17.28 – change 0.87%
Marathon Oil Corp. (MRO) up 0.84 at 24.80 – change 3.50%
NOV Inc. (NOV) up 0.49 at 18.64 – change 2.69%
Occidental Petroleum (OXY) up 0.79 at 60.08 – change 1.33%
Phillips 66 (PSX) up 2.12 at 101.16 – change 2.14%
Pioneer Natural Resources (PXD) up 4.13 at 211.13 – change 1.99%
Tellurian Inc. (TELL) up 0.08 at 1.59 – change 5.29%
Valero (VLO) up 1.71 at 115.42 – change 1.50%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.81 at 84.67 – change 0.95%
CenterPoint (CNP) down 0.24 at 29.44 – change 0.81%
Entergy (ETR) up 0.26 at 99.00 – change 0.26%