Crude oil prices had mild response to latest ceasefire talks between Israel and Hamas

  • May 6, 2024

Crude oil futures were mostly unchanged in Monday’s trading but Oklahoma energy stocks recorded gains for the day.
Those elusive ceasefire talks between Hamas and Israel continued playing a role in what happened to crude oil prices.
West Texas Intermediate crude, the U.S. benchmark, dropped 37 cents or 0.5% to $78.48 a barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark, fell the same amount, 37 cents and 0.5% to settle at $83.33 a barrel on ICE Futures Europe.
Their latest prices compared to last week when both suffered their steepest weekly losses in nearly 90 days.
June natural gas rose 5 cents to $2.19 per 1,000 cubic feet.
Oklahoma energy stocks had a strong rebound in Monday’s trading including a 6% gain for Empire Petroleum, a 4% jump for Southwestern Energy and a 3% increase for Chesapeake Energy.
Alliance Resource Partners, L.P.
23.72 USD+0.47 
Canoo Inc
2.63 USD−0.14 
Chesapeake Energy Corp
89.08 USD+2.41 
 Coterra Energy Inc
28.35 USD+0.15 
Devon Energy Corp
50.86 USD+0.33 
Empire Petroleum Corp
6.07 USD+0.34 
Gulfport Energy Corp
156.41 USD+3.64 
Helmerich and Payne Inc
38.45 USD−0.020 
LSB Industries Inc
8.66 USD+0.15 
 Mach Natural Resources LP
20.57 USD+0.13 
Mammoth Energy Services Inc
3.14 USD+0.060 
Matrix Service Co
11.96 USD+0.22 
NGL Energy Partners LP
5.91 USD0.00 
OGE Energy Corp
35.57 USD+0.39 
ONE Gas Inc
65.09 USD−0.36 
ONEOK Inc
78.07 USD+0.84 
Ovintiv Inc
52.41 USD+0.87 
PHX Minerals Inc
3.39 USD+0.0100 
 SandRidge Energy Inc
13.94 USD+0.32 
Southwestern Energy Co
7.34 USD+0.27 
Unit Corp
38.40 USD+0.72 
Vital Energy Inc
53.45 USD+1.80 
Williams Companies Inc
39.06 USD+0.39 
Other energy stocks also recorded gains for the day, according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.66 at 29.92 – change 2.25%

Cheniere (LNG) down 0.72 at 156.82 – change 0.46%

Chevron (CVX) up 2.04 at 162.30 – change 1.27%

ConocoPhillips (COP) up 1.32 at 123.55 – change 1.07%

Diamondback Energy (FANG) up 2.69 at 204.19 – change 1.33%

Energy Transfer LP (ET) up 0.17 at 16.05 – change 1.06%

Enterprise Products Partners (EPD) up 0.27 at 28.37 – change 0.96%

EOG Resources (EOG) up 0.46 at 130.47 – change 0.35%

Exxon Mobil (XOM) up 0.75 at 116.75 – change 0.64%

Kinder Morgan (KMI) up 0.04 at 18.61 – change 0.21%

Marathon Oil Corp. (MRO) up 0.37 at 26.71 – change 1.40%

NOV Inc. (NOV) up 0.36 at 18.89 – change 1.94%

Occidental Petroleum (OXY) up 0.63 at 65.02 – change 0.97%

Phillips 66 (PSX) up 1.51 at 145.12 – change 1.05%

Tellurian Inc. (TELL) down 0.01 at 0.42 – change 0.98%

Valero (VLO) up 1.36 at 158.19 – change 0.86%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.21 at 88.81 – change 0.23%

CenterPoint (CNP) down 0.13 at 29.32 – change 0.45%

Entergy (ETR) up 0.94 at 109.02 – change 0.86%

Jerry Bohnen