Crude rose on Friday but not enough to offset a 7th straight week of declines

Crude oil prices finally made some gains on Friday, increasing by 2% but they still were down overall for the seventh consecutive week, largely because investors are concerned about an oversupply of crude oi. It turned out to be the longest streak of weekly declines in half a decade.

West Texas Intermediate, the US benchmark, finished up $1.89 or 2.7% per barrel and closed at $71.23 on the New York Mercantile Exchange.

The global standard, Brent, rose $1.79 or 2.4% per barrel to reach $75.84 on ICE Futures Europe.

Both lost 3.8% for the week and hit their lowest level since late June on Thursday. Analysts say it’s a sign traders think the market is oversupplied.

January natural gas fell 1 cent to $2.58 per 1,000 cubic feet.

For most Oklahoma energy stocks, Friday brought gains, including a 4% increase for SandRidge Energy.

Alliance Resource Partners, L.P.
19.35 USD−0.22 
 Canoo Inc
0.25 USD−0.0022 
Chesapeake Energy Ord Shs
75.05 USD+0.010 
Coterra Energy Inc
24.70 USD+0.12 
Devon Energy Corp
44.09 USD+0.61 
Empire Petroleum Corp
8.85 USD−0.0100 
Gulfport Energy Corp
134.85 USD+1.20 
Helmerich and Payne Inc
35.94 USD+0.31 
 LSB Industries Inc
9.05 USD0.00 
Mach Natural Resources LP
17.00 USD+0.010 
Mammoth Energy Services Inc
4.73 USD−0.12 
Matrix Service Co
9.53 USD−0.050 
NGL Energy Partners LP
4.35 USD+0.090 
OGE Energy Corp
35.20 USD−0.38 
ONE Gas Inc
61.55 USD+0.46 
ONEOK, Inc.
68.24 USD+0.97 
Ovintiv Inc
41.63 USD+0.41 
PHX Minerals Inc
3.29 USD+0.070 
SandRidge Energy Inc
13.98 USD+0.51 
Unit Corp
56.25 USD+0.44 
Vital Energy Inc
42.57 USD+0.19 
Williams Companies Inc
35.52 USD+0.59 
Other energy stocks recorded gains in Friday’s trading, according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.64 at 34.47 – change 1.89%

Cheniere (LNG) up 4.38 at 176.21 – change 2.54%

Chevron (CVX) up 1.89 at 144.31 – change 1.82%

ConocoPhillips (COP) up 1.22 at 112.07 – change 1.10%

Diamondback Energy (FANG) up 1.13 at 148.72 – change 0.77%

Energy Transfer LP (ET) down 0.03 at 13.30 – change 0.23%

Enterprise Products Partners (EPD) up 0.08 at 26.33 – change 0.30%

EOG Resources (EOG) up 0.61 at 118.96 – change 0.51%

Exxon Mobil (XOM) up 1.12 at 99.55 – change 1.14%

Kinder Morgan (KMI) up 0.20 at 17.70 – change 1.14%

Marathon Oil Corp. (MRO) up 0.43 at 24.09 – change 1.81%

NOV Inc. (NOV) up 0.47 at 18.92 – change 2.54%

Occidental Petroleum (OXY) up 0.07 at 56.47 – change 0.12%

Phillips 66 (PSX) up 0.70 at 125.32 – change 0.56%

Pioneer Natural Resources (PXD) up 2.45 at 223.05 – change 1.11%

Tellurian Inc. (TELL) up 0.08 at 0.74 – change 12.34%

Valero (VLO) up 0.67 at 122.74 – change 0.54%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.57 at 79.64 – change 0.70%

CenterPoint (CNP) up 0.01 at 28.77 – change 0.03%

Entergy (ETR) up 0.12 at 102.01 – change 0.11%