November 22, 2023 archive

Crude oil fell in pre-Thanksgiving Day trading

Trading on the day before Thanksgiving resulted in a 1% for crude oil prices and a mixed day of trading for Oklahoma energy stocks. The fall in crude prices came as OPEC+ announced a delay until Nov. 30 for its meeting to discuss more possible cuts in crude oil production. Both Brent and WTI experienced …

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More gains in crude stocks reported at Cushing and across the nation

  The buildup of crude oil stocks in the U.S. continued for another week and the increase included the amount of oil stored at the Cushing Hub in Oklahoma. The nation saw an increase of 8.7 million barrels of crude oil from November 10 to November 17, according to the U.S. Energy Information Administration. The …

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Gains reported in Oklahoma and US rig numbers

  The latest rig report from Baker Hughes Co.,  prior to Thanksgiving, showed another gain for the U.S. and for Oklahoma. The state’s rig count saw a gain of one to 38 active oil and gas rigs, still well below the 70 rigs reported one year earlier. The Baker Hughes report indicated Oklahoma started the …

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