The question at the start of a new week of trading will be whether crude oil prices can maintain the 4% gains they recorded on Friday. Oklahoma energy stocks also recorded moderate gains to finish the week’s trading.
Crude prices on Friday rebounded from a four-month low on Thursday, thanks to some extent to U.S. sanctions on several Russian oil shippers.
West Texas Intermediate crude rose $2.99 on Friday or 4.1% to finish at $75.89 on the New York Mercantile Exchange.
Global benchmark Brent crude also gained 4.1% on a $3.19 increase per barrel and settled at $80.61 on ICE Futures Europe.
While both had gains of more than 4%, they still ended the week 1% lower, which represented their fourth straight weekly drop. Analysts credit continued record high oil production and increasing U.S. crude inventories.
December natural gas fell 10 cents to $2.96 per 1,000 cubic feet.
Oklahoma energy stocks recorded moderate gains including a more than 5% boost for Matrix Service and 3% increases for Helmerich & Payne, Mammoth Energy and Ovintiv Inc.

Other energy stocks also recorded gains for the day, per the Texas Energy Report.
APA Corp. (Apache) (APA) up 1.02 at 36.86 – change 2.84%
Cheniere (LNG) down 0.33 at 173.50 – change 0.19%
Chevron (CVX) up 2.69 at 144.46 – change 1.89%
ConocoPhillips (COP) up 2.60 at 114.59 – change 2.32%
Diamondback Energy (FANG) up 3.65 at 156.15 – change 2.39%
Energy Transfer LP (ET) up 0.34 at 13.52 – change 2.57%
Enterprise Products Partners (EPD) up 0.28 at 26.27 – change 1.07%
EOG Resources (EOG) up 3.30 at 124.00 – change 2.73%
Exxon Mobil (XOM) up 2.50 at 104.96 – change 2.43%
Kinder Morgan (KMI) up 0.14 at 16.96 – change 0.83%
Marathon Oil Corp. (MRO) up 0.81 at 25.56 – change 3.27%
NOV Inc. (NOV) up 0.72 at 19.45 – change 3.84%
Occidental Petroleum (OXY) up 0.65 at 60.96 – change 1.07%
Phillips 66 (PSX) up 2.84 at 116.37 – change 2.50%
Pioneer Natural Resources (PXD) up 5.81 at 238.16 – change 2.50%
Tellurian Inc. (TELL) down 0.01 at 0.53 – change 1.47%
Valero (VLO) up 2.19 at 124.11 – change 1.79%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.01 at 77.39 – change 0.01%
CenterPoint (CNP) up 0.14 at 27.80 – change 0.50%
Entergy (ETR) up 0.26 at 99.11 – change 0.26%