Crude oil gained pennies after Trump’s call for OPEC to drop prices

OPEC predicts world oil demand will rise until 2045 - Offshore Technology

 

When President Trump repeated his call on Friday for OPEC to lower crude oil prices, the market responded with a very slight increase.

He made the call in order to hurt oil-rich Russia and bring an end to its war in Ukraine. For week, oil prices finished down and ended four straight weeks of gains.

West Texas Intermediate crude, considered the benchmark in the U.S. rose 4 cents or 0.05% to settle at $74.66 a barrel on the New York Mercantile Exchange.

The global benchmark, Brent crude, gained 21 cents or 0.27% and closed at $78.50 a barrel.

Natural gas closed Friday up 7 cents or 1.72% to reach $4.01.

Most Oklahoma energy stocks finished down on Friday, including LSB Industries with a nearly 5% decline. Canoo, awaiting Chapter 7 bankruptcy, gained a whopping 44%.

 

Alliance Resource Partners, L.P.
29.24 USD+0.36 
Canoo Inc
0.48 USD+0.14 
Coterra Energy Inc
29.02 USD−0.21 
Devon Energy Corp
35.96 USD−0.50 
Empire Petroleum Corp
6.18 USD−0.15 
 Expand Energy Corp
106.00 USD0.00 
Gulfport Energy Corp
190.14 USD−2.77 
Helmerich and Payne Inc
34.72 USD−0.59 
LSB Industries Inc
8.73 USD−0.42 
Mach Natural Resources LP
18.17 USD−0.090 
Mammoth Energy Services Inc
3.26 USD+0.040 
Matrix Service Co
15.05 USD−0.010 
NGL Energy Partners LP Unit
5.37 USD−0.14 
OGE Energy Corp
43.20 USD+0.080 
ONE Gas Inc
68.85 USD−0.54 
ONEOK Inc
104.53 USD−0.33 
Ovintiv Inc
44.89 USD−0.87 
PHX Minerals Inc
4.01 USD+0.0050 
SandRidge Energy Inc
12.28 USD−0.040 
Unit Corp
29.51 USD−0.20 
Vital Energy Inc
33.94 USD−0.48 
Williams Companies Inc
59.57 USD+0.080