The Red Sea attacks by the Iran-aligned Houthis continue to weigh heavily on investors and sent crude oil futures higher in Thursday’s trading. However, the gains were also affected by a large build in U.S. crude inventories, seen even in Oklahoma.
West Texas Intermediate crude for April delivery gained 70 cents to $78.61 a barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark saw its April futures go up 64 cents and close at $83.67 a barrel on ICE Futures Europe.
March natural gas fell 4 cents to $1.73 per 1,000 cubic feet.
A handful of Oklahoma energy firms recorded gains in Thursday’s trading such as Empire Petroleum with a 5% increase and Mammoth Energy with a strong 2% jump. But most local energy stocks recorded losses for the day ranging from 1% to 2%.
APA Corp. (Apache) (APA) down 1.22 at 30.22 – change 3.89%
Cheniere (LNG) down 6.86 at 157.68 – change 4.17%
Chevron (CVX) down 0.01 at 155.43 – change 0.01%
ConocoPhillips (COP) down 0.65 at 112.22 – change 0.58%
Diamondback Energy (FANG) down 3.02 at 176.73 – change 1.69%
Energy Transfer LP (ET) down 0.76 at 14.79 – change 0.41%
Enterprise Products Partners (EPD) down 0.05 at 27.58 – change 0.19%
EOG Resources (EOG) up 0.04 at 116.40 – change 0.03%
Exxon Mobil (XOM) down 0.09 at 104.76 – change 0.09%
Kinder Morgan (KMI) down 0.16 at 17.26 – change 0.92%
Marathon Oil Corp. (MRO) up 0.33 at 23.98 – change 1.39%
NOV Inc. (NOV) up 0.14 at 17.41 – change 0.81%
Occidental Petroleum (OXY) up 0.06 at 60.53 – change 0.09%
Phillips 66 (PSX) up 3.07 at 146.62 – change 2.13%
Pioneer Natural Resources (PXD) up 0.18 at 233.92 – change 0.07%
Tellurian Inc. (TELL) down 0.12 at 0.73 – change 14.00%
Valero (VLO) up 2.63 at 139.78 – change 1.91%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.57 at 82.00 – change 0.68%
CenterPoint (CNP) down 0.41 at 27.87 – change 1.45%
Entergy (ETR) up 0.26 at 101.52 – change 0.25%