Crude oil prices were up on Friday but OK energy stocks had losses

Crude oil prices finished the week higher and also resulted in a 4% gain for the week.

Observers explained it was due to investors considering what’s happened in the Middle East where Israel is still fighting in Gaza and Lebanon and considering a retalitatory attack on Iran.

West Texas Intermediate crude, the US standard gained $1.59 or 2.27% to close at $71.78 a barrel on the New York Mercantile Exchange.

Brent crude, considered the global benchmark rose $1.67 or 2.25% and finished Friday’s trading at $76.05 barrel.

If it was another good day for crude oil prices, it was just the opposite for Oklahoma energy stocks—most experienced losses. Most of the losses were 2% or less with the exception of Canoo where prices fell more than 35.