Crude oil prices made 2% gain in Monday’s trading

 

 

It wasn’t enough to recover from the 7% decline over the past week, but crude oil prices Monday gained 2%. At the same time it sent a slap in the face of most Oklahoma energy stocks as they suffered losses.

The increase in crude prices came as there was no letup in the Middle East fighting and an anticipated retaliatory attack by Israel on Iran.

West Texas Intermediate crude in the U.S. rose $1.34 or 1.94% per barrel to close at $70.56 on the New York Mercantile Exchange

Global benchmark Brent crude finished up $1.23 or 1.68% at $74.29 a barrel on ICE Futures Europe.

Both benchmarks are attempting to recover from last week when Brent fell 7% and WTI lost 8%….their biggest declines since early September.

Monday was a bad day for Oklahoma energy stocks as nearly all but a few suffered losses. Most losses ranged from less than 1% to about 2%. Two exceptions were Canoo Inc. with a nearly 6% drop and NGL Energy Partners with about a 3% slide.

Alliance Resource Partners, L.P.
25.05 USD−0.050 
Canoo Inc
0.95 USD−0.058 
Coterra Energy Inc
23.81 USD+0.030 
 Devon Energy Corp
40.08 USD−0.58 
Empire Petroleum Corp
5.10 USD−0.080 
Expand Energy Corp
85.75 USD−0.91 
Gulfport Energy Corp
145.04 USD−1.56 
Helmerich and Payne Inc
34.89 USD+0.080 
LSB Industries Inc
9.09 USD−0.11 
Mach Natural Resources LP
16.47 USD−0.080 
Mammoth Energy Services Inc
4.43 USD−0.090 
Matrix Service Co
11.52 USD−0.17 
NGL Energy Partners LP Unit
4.18 USD−0.12 
OGE Energy Corp
40.80 USD−0.35 
ONE Gas Inc
73.94 USD−0.68 
ONEOK Inc
96.84 USD−0.38 
Ovintiv Inc
40.00 USD−0.77 
PHX Minerals Inc
3.65 USD−0.020 
SandRidge Energy Inc
11.45 USD−0.21 
Unit Corp
32.18 USD−0.32 
Vital Energy Inc
27.57 USD+0.15 
Williams Companies Inc
52.00 USD−0.36