While crude oil prices finished higher on Friday, most Oklahoma energy stocks closed down for the day.
Despite the gain in crude oil prices, they still finished with a weekly drop, thanks in large part to the uncertainty around the tariff talks between the U.S. and China, reported Reuters. There was a sign that the trade war between the two countries could be easing after China exempted some U.S. imports from its steep tariffs.
West Texas Intermediate crude finished up 23 cents to $63.02 a barrel, but WTI was down 2.6% for the week.
Brent crude rose 32 cents and closed at $66.87 a barrel. However, it also finished down 1.6% over the week.
Natural gas prices finished up 4 cents for a 1.26% gain to close at $2.97 per MMBtu.
While some Oklahoma energy stocks finished up for the day, including a 5% gain for LSB Industries Inc., most were down for the day.