Crude oil prices rebounded Wednesday—so did Oklahoma energy stocks

After a few days of disastrous drops in prices, crude oil experienced a more than 2% rebpound in Wednesday’s trading.

The bounce-back came after new data showed U.S. crude inventories had a surprise drop compared to last week’s crude stock information. Plus, prices were affected by reports that OPEC+ might delay its planned oil output increase.

West Texas Intermediate crude gained $1.4 or 2.08% and finished the day at $68.61 a barrel on the New York Mercantile Exchange.

Brent crude rose $1.43 or 2.01% and finished at $72.55 a barrel.

Most Oklahoma energy stocks responded to the increase in crude oil with gains for the day, including a 4% jump for Vital Energy.