(Tyler Hicks/The New York Times)
The growing war between Russia and Ukraine, on top of the fighting in the Middle East, added to increased worries and sent crude oil prices up nearly 1% on Friday. It resulted in prices settling at a two week high.
Both WTI and Brent finished up about 6% for the week. That was the highest close since Nov. 7.
West Texas Intermediate crude rose $1.14 or 1.6% a barrel to close at $71.24 on the New York Mercantile Exchange.
Brent crude, the global standard, finished up 94 cents or 1.3% to settle at $75.17 a barrel.
Natural gas down 0.21 at $3.13 – change 6.29%.
Friday proved to be a positive day for most Oklahoma energy stocks with many firms seeing major gains, including an 8% jump for Mammoth Energy, 5% for Helmerich & Payne and 4% for both Empire Petroleum and PHX Minerals.
