Lingering impact of Hurricane Francine sent crude oil prices upward on Monday

  • September 16, 2024

The continued impact of Hurricane Francine on Gulf oil output sent crude oil prices climbing on Monday.
Reports indicated at least 12% of crude production and 16% of natural gas output in the Gulf of Mexico was still offline because of the storm that hit the southern states last Wednesday.
West Texas Intermediate crude futures for October rose $1.44 or 2.1% and settled at $70.09 on the New York Mercantile Exchange, the first time it’s been back to the $70 level in a few weeks.
Global standard Brent crude went up $1.14 or 1.59% to finish at $72.75 a barrel on ICE Futures Europe.
The majority of Oklahoma energy stocks recorded gains in Monday’s trading including a nearly 6% jump for Vital Energy. On the losing side, Canoo plunged nearly 18%.
Alliance Resource Partners, L.P.
23.57 USD+0.10 
Canoo Inc
1.03 USD−0.22 
Chesapeake Energy Corp
73.06 USD−0.16 
Coterra Energy Inc
22.92 USD+0.14 
Devon Energy Corp
39.64 USD+0.19 
Empire Petroleum Corp
5.16 USD+0.040 
Gulfport Energy Corp
147.01 USD+3.97 
Helmerich and Payne Inc
30.89 USD+1.04 
 LSB Industries Inc
7.51 USD+0.12 
Mach Natural Resources LP
16.55 USD+0.0100 
Mammoth Energy Services Inc
3.66 USD−0.020 
Matrix Service Co
10.81 USD−0.15 
NGL Energy Partners LP Unit
4.47 USD+0.16 
 OGE Energy Corp
41.19 USD+0.22 
ONE Gas Inc
73.81 USD+1.15 
ONEOK Inc
93.68 USD+2.31 
Ovintiv Inc
39.16 USD+0.35 
PHX Minerals Inc
3.41 USD0.00 
SandRidge Energy Inc
11.90 USD+0.14 
Southwestern Energy Co
6.26 USD0.00 
 Unit Corp
31.00 USD−1.12 
Vital Energy Inc
27.91 USD+1.48 
Williams Companies Inc
45.44 USD+0.41 

Jerry Bohnen