Crude oil prices and Oklahoma energy stocks had a strong Monday

 

Monday produced a nearly 2% jump in crude oil prices over growing expectations that  the U.S. sanctions on Russian oil announced last Friday by the Biden administration will force India and China to go elsewhere for their oil.

At the same time, it was a strong day for Oklahoma energy stocks as one firm soared by more than 22%.

Prices have risen more than 6% in the past three trading sessions as both Brent and WTI front-month prices soared to the highest marks in several months.

West Texas Intermediate crude rose $2.25 or 2.9% to close Monday at $78.82 a barrel on the New York Mercantile Exchange.

Brent crude, considered the global standard, went up $1.25 or 1.6% and finished Monday’s trading at $81.01 a barrel, the first time it’s been above the $80 level in several weeks.

Reuters reported it was the highest Brent close since Aug. 26 and the highest level for WIT since Aug. 12.

Natural gas prices finished down 5 cents or 1.38% to close at $3.93.

Monday turned out to be a day of gains for Oklahoma energy stocks, including Canoo with a more than 11% increase, but nothing like the 22% jump by LSB Industries, Inc.

 

Alliance Resource Partners, L.P.
27.48 USD+0.29 
Canoo Inc
1.28 USD+0.13 
Coterra Energy Inc
28.61 USD+0.84 
Devon Energy Corp
36.77 USD+0.78 
Empire Petroleum Corp
6.62 USD−0.080 
Expand Energy Corp
102.21 USD+0.060 
Gulfport Energy Corp
188.04 USD+0.35 
Helmerich and Payne Inc
35.25 USD+1.00 
LSB Industries Inc
9.10 USD+1.66 
Mach Natural Resources LP
17.24 USD+0.20 
Mammoth Energy Services Inc
2.93 USD+0.060 
Matrix Service Co
12.30 USD+0.27 
NGL Energy Partners LP Unit
5.30 USD0.00 
OGE Energy Corp
40.03 USD+0.27 
ONE Gas Inc
69.23 USD+1.30 
ONEOK Inc
103.98 USD+2.23 
Ovintiv Inc
44.60 USD+0.99 
PHX Minerals Inc
3.95 USD−0.040 
SandRidge Energy Inc
12.41 USD+0.14 
 Unit Corp
29.44 USD+0.33 
Vital Energy Inc
35.46 USD−0.18 
Williams Companies Inc
56.03 USD+0.51