Crude oil prices made 1% gain in Monday’s trading and OK energy stocks saw moderate gains

The day after Easter, crude oil prices made a nearly 1% gain on expectations that demand will get a boost from economic growth in the U.S. and China. At the same time, OPEC+ is continuing with output decreases and Russian refineries are being attacked by Ukrainian drones.

West Texas Intermediate crude rose 54 cents or 0.7% to settle at $83.71, its highest close since Oct. 27 of last year on the New York Mercantile Exchange.

Global benchmark Brent crude settled at $87.42 a barrel after gaining 42 cents or 0.5% in trading on ICE Futures Europe.

May natural gas rose 8 cents to $1.84 per 1,000 cubic feet.

Gains outnumbered losses among Oklahoma energy stocks on Monday with Devon Energy seeing a nearly 2% increase while Empire Petroleum fell by the same number. Others had moderate gains and losses.

Gains were made by other energy stocks too, according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 1.05 at 35.43 – change 3.05%

Cheniere (LNG) down 1.95 at 159.33 – change 1.21%

Chevron (CVX) up 1.34 at 159.08 – change 0.84%

ConocoPhillips (COP) up 1.40 at 128.68 – change 1.09%

Diamondback Energy (FANG) up 1.28 at 199.45 – change 0.64%

Energy Transfer LP (ET) down 0.04 at 15.69 – change 0.26%

Enterprise Products Partners (EPD) up 0.19 at 29.37 – change 0.65%

EOG Resources (EOG) up 1.92 at 129.76 – change 1.50%

Exxon Mobil (XOM) up 0.75 at 116.99 – change 0.64%

Kinder Morgan (KMI) up 0.07 at 18.41 – change 0.38%

Marathon Oil Corp. (MRO) up 0.23 at 28.57 – change 0.81%

NOV Inc. (NOV) up 0.18 at 19.70 – change 0.92%

Occidental Petroleum (OXY) up 1.39 at 66.38 – change 2.13%

Phillips 66 (PSX) unchanged at 163.34 – change 0.00%

Pioneer Natural Resources (PXD) up 1.46 at 263.95 – change 0.55%

Tellurian Inc. (TELL) up 0.05 at 0.61 – change 7.05%

Valero (VLO) up 1.95 at 172.64 – change 1.14%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.54 at 84.56 – change 1.79%

CenterPoint (CNP) down 0.08 at 28.42 – change 0.25%

Entergy (ETR) down 0.94 at 104.74 – change 0.89%