Not only did crude oil prices gain about 1% in Wednesday’s trading, it turned out to be a big day for Oklahoma energy stocks as some had gains of 6% and 8% with a handful more making 4% increases.
Oil prices rose from a five-month low following a bigger-than-expecced weekly removal from U.S. crude storage, plus there were more worries about the security of Middle East oil supplies follwing an attack on a tanker in the Red Sea.
West Texas Intermediate crude rose 86 cents or 1.3% to settle at $69.47 a barrel on the New York Mercantile Exchange.
Brent crude gained $1.02 or 1.4% and finished the day at $74.26 a barrel on ICE Futures Europe.
January natural gas rose 3 cents to $2.34 per 1,000 cubic feet.
What a difference a day makes—as the saying goes. It certainly did for Oklahoma energy stocks as most recorded gains….big gains for some companies.
A nearly 8% jump was recorded by Matrix Service Inc. while LSB Industries went up more than 6%. Empire Petroleum, Mammoth Energy, Sandridge Energy, Vital Energy and OG&E each had 4% gains for the day.
APA Corp. (Apache) (APA) up 0.67 at 34.85 – change 1.96%
Cheniere (LNG) down 0.72 at 170.10 – change 0.43%
Chevron (CVX) up 2.11 at 144.61 – change 1.48%
ConocoPhillips (COP) up 0.79 at 111.85 – change 0.71%
Diamondback Energy (FANG) up 1.58 at 149.46 – change 1.06%
Energy Transfer LP (ET) up 0.28 at 13.53 – change 2.11%
Enterprise Products Partners (EPD) up 0.19 at 26.20 – change 0.73%
EOG Resources (EOG) up 0.81 at 118.48 – change 0.68%
Exxon Mobil (XOM) up 0.87 at 98.92 – change 0.88%
Kinder Morgan (KMI) down 0.35 at 17.22 – change 2.00%
Marathon Oil Corp. (MRO) up 0.57 at 23.93 – change 2.48%
NOV Inc. (NOV) up 0.56 at 19.11 – change 3.07%
Occidental Petroleum (OXY) up 1.67 at 57.22 – change 3.00%
Phillips 66 (PSX) up 1.94 at 127.16 – change 1.54%
Pioneer Natural Resources (PXD) up 2.34 at 222.62 – change 1.06%
Tellurian Inc. (TELL) up 0.04 at 0.64 – change 7.86%
Valero (VLO) up 3.90 at 124.80 – change 3.22%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 3.57 at 83.57 – change 4.46%
CenterPoint (CNP) up 1.19 at 30.20 – change 4.10%
Entergy (ETR) up 3.81 at 105.40 – change 3.75%