Friday saw crude oil prices and Oklahoma energy stocks rebound with strong gains—oil climbing nearly 3% to a 9-week high as supply worries and technical buying outweighed concerns of more interest rate hikes in the near future.
U.S. benchmark, West Texas Intermediate crude rose $2.06 or 2.9% per barrel to close at $73.86 on the New York Mercantile Exchange.
Global benchmark brent crude managed a $1.95 or 2.6% gain to finish at $78.47 a barrel on ICE Futures Europe. It was the highest close for Brent crude since the first of May and for WTI since May 24. Both finished the week up about 5%.
August natural gas fell 3 cents to $2.58 per 1,000 cubic feet.
Friday proved to be a strong day for some Oklahoma energy stocks as they recorded significant gains. Mammoth and Empire Petroleum were each up 8%, Helmerich & Payne 6%…so was PHX Minerals.
APA Corp. (Apache) (APA) up 1.26 at 34.90 – change 3.74%
Cheniere (LNG) up 1.67 at 152.19 – change 1.10%
Chevron (CVX) up 1.34 at 154.22 – change 0.87%
ConocoPhillips (COP) up 2.89 at 103.23 – change 2.88%
Diamondback Energy (FANG) up 5.23 at 132.40 – change 4.11%
Energy Transfer LP (ET) down 0.06 at 12.75 – change 0.40%
Enterprise Products Partners (EPD) up 0.08 at 26.43 – change 0.30%
EOG Resources (EOG) up 3.95 at 116.20 – change 3.51%
ExxonMobil (XOM) up 0.24 at 103.16 – change 0.23%
Kinder Morgan (KMI) up 0.06 at 16.92 – change 0.35%
Marathon Oil Corp. (MRO) up 0.98 at 23.52 – change 4.34%
NOV Inc. (NOV) up 1.30 at 17.39 – change 8.07%
Occidental Petroleum (OXY) up 1.00 at 58.61 – change 1.73%
Phillips 66 (PSX) up 4.04 at 99.44 – change 4.23%
Pioneer Natural Resources (PXD) up 3.41 at 206.40 – change 1.67%
Tellurian Inc. (TELL) up 0.13 at 1.43 – change 10.00%
Valero (VLO) up 1.42 at 114.88 – change 1.25%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.04 at 84.29 – change 1.22%
CenterPoint (CNP) up 0.02 at 29.48 – change 0.06%
Entergy (ETR) down 1.32 at 97.46 – change 1.34%