Friday brought stronger economic news for crude oil prices as they gained nearly 2% in the day’s trading while Oklahoma energy stocks had strong gains as well.
Despite the Friday gains, crude oil prices settled down about 4% for the week and it was their third straight week of declines. It came as U.S. firms cut the number of oil and gas rigs active in the country.
U.S. benchmark West Texas Intermediate for December delivery rose $1.43 or 1.9% to finish at $77.17 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude finished up $1.42 or 1.8% at $81.43 a barrel on ICE Futures Europe.
December natural gas fell 1 cent to $3.03 per 1,000 cubic feet.
The day brought some strong gains for Oklahoma energy companies including a 12% gain for Empire Petroleum while Vital Energy went up 4%.
Other energy stocks recorded gains for the day, according to the Texas Energy Report.
APA Corp. (Apache) (APA) up 0.56 at 36.92 – change 1.54%
Cheniere (LNG) up 0.95 at 171.62 – change 0.55%
Chevron (CVX) up 1.01 at 142.94 – change 0.71%
ConocoPhillips (COP) up 1.46 at 115.61 – change 1.27%
Diamondback Energy (FANG) up 2.13 at 157.71 – change 1.36%
Energy Transfer LP (ET) down 0.12 at 13.14 – change 0.92%
Enterprise Products Partners (EPD) up 0.09 at 25.98 – change 0.34%
EOG Resources (EOG) up 1.40 at 122.70 – change 1.15%
Exxon Mobil (XOM) up 0.79 at 103.95 – change 0.76%
Kinder Morgan (KMI) up 0.23 at 16.44 – change 1.41%
Marathon Oil Corp. (MRO) up 0.28 at 25.09 – change 1.16%
NOV Inc. (NOV) up 0.43 at 19.30 – change 2.27%
Occidental Petroleum (OXY) up 0.40 at 60.98 – change 0.66%
Phillips 66 (PSX) up 2.81 at 113.44 – change 2.53%
Pioneer Natural Resources (PXD) up 1.71 at 233.56 – change 0.73%
Tellurian Inc. (TELL) down 0.03 at 0.52 – change 5.04%
Valero (VLO) up 2.75 at 122.67 – change 2.29%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.44 at 77.00 – change 0.56%
CenterPoint (CNP) up 0.36 at 27.12 – change 1.34%
Entergy (ETR) down 0.22 at 96.61 – change 0.23%
