Crude oil rebounded on Wednesday with nearly a 1% gain

 

Crude oil prices rebounded on Wednesday by nearly 1% and Oklahoma energy stocks recorded gains for the day.

Crude oil’s gain was from a two-month low and came about because of crude storage data and an International Energy Agency forecast for weaker global oil demand growth.

West Texas Intermediate crude went up 61 cents or 0.8% to finish at $78.63 a barrel on the New York Mercantile Exchange.

Brent crude, the global benchmark rose 37 cents or 0.5% and settled at $82.75 a barrel on ICE Futures Europe.

 June natural gas rose 11 cents to $2.30 per 1,000 cubic feet.

Oklahoma energy stocks had a mixed day Tuesday.  Thirteen of the 22 were higher, with one flat.

Alliance Resource Partners, L.P.

22.81 USD +0.26 (+1.15%)

Canoo Inc

2.65 USD -0.14 (-5.02%)

Chesapeake Energy Corp

91.25 USD +1.15 (+1.28%)

Coterra Energy Inc

27.81 USD -0.14 (-0.50%)

Devon Energy Corp

49.71 USD  -0.12 (-0.24%)

Empire Petroleum Corp

6.61 USD -0.25 (-3.64%)

Gulfport Energy Corp

157.44 USD +5.94 (+3.92%)

Helmerich and Payne Inc

38.50 USD -0.55 (-1.41%)

LSB Industries Inc

9.02 USD −0.100 (-1.10%)

Mach Natural Resources LP

20.00 USD 0.00 (0.00%)

Mammoth Energy Services Inc

3.69 USD +0.090 (+2.50%)

Matrix Service Co

11.53 USD +0.53 (+4.82%)

NGL Energy Partners LP

5.70 USD +0.13 (+2.33%)

OGE Energy Corp

36.63 USD +0.26 (+0.71%)

ONE Gas Inc

64.16 USD +0.16 (+0.25%)

ONEOK Inc

81.61 USD −0.08 (-0.098%)

Ovintiv Inc

49.98 USD +0.20 (+0.40%)

PHX Minerals Inc

3.20 USD +0.1 (+0.31%)

SandRidge Energy Inc

13.86 USD −0.15 (-1.07%)

Southwestern Energy Co

7.60 USD +0.11 (+1.47%)

Unit Corp

36.68 USD +0.58 (+1.61%)

Vital Energy Inc

48.57 USD −0.80 (-1.62%)

Williams Companies Inc

40.47 USD +0.11 (+0.27%)

 

A lot of other energy stocks finished down, according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.37 at 30.54 – change 1.22%

Cheniere (LNG) down 1.30 at 156.12 – change 0.83%

Chevron (CVX) down 0.57 at 163.05 – change 0.35%

ConocoPhillips (COP) down 0.34 at 120.70 – change 0.29%

Diamondback Energy (FANG) down 1.31 at 196.74 – change 0.67%

Energy Transfer LP (ET) up 0.02 at 15.89 – change 0.12%

Enterprise Products Partners (EPD) down 0.11 at 28.84 – change 0.38%

EOG Resources (EOG) down 0.34 at 129.09 – change 0.27%

Exxon Mobil (XOM) up 0.91 at 118.58 – change 0.77%

Kinder Morgan (KMI) up 0.13 at 19.54 – change 0.66%

Marathon Oil Corp. (MRO) down 0.13 at 26.44 – change 0.49%

NOV Inc. (NOV) down 0.05 at 18.85 – change 0.27%

Occidental Petroleum (OXY) down 0.32 at 63.38 – change 0.50%

Phillips 66 (PSX) up 1.36 at 146.21 – change 0.93%

Tellurian Inc. (TELL) up 0.03 at 0.50 – change 7.44%

Valero (VLO) up 1.78 at 157.71 – change 1.14%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.18 at 91.97 – change 1.29%

CenterPoint (CNP) up 0.28 at 29.76 – change 0.94%

Entergy (ETR) up 1.29 at 112.59 – change 1.15%