Oklahoma energy stocks see gains at the end of a hectic week

Friday brought what the energy industry in Oklahoma might describe as a refreshing turn of events as nearly all Oklahoma energy stocks recorded gains for the day compared to the large losses linked to the U.S. trade war with dozens of countries.

The improved trading came as crude oil prices also managed $1 increases.

The biggest performer was lithium mining company Stardust Power with a nearly 11% gain for the day. Empire Petroleum recorded a 6% boost while 4% gains were recorded by Gulfport Energy, Helmerich & Payne and LSB Industries.

The improvement in crude oil prices came after U.S. Energy Secretary Chris Wright said the U.S. could end Iran’s oil exports in an effort to bring the Islamic Republic to terms over its nuclear program, reported Reuters.

Global benchmark Brent crude gained $1.43 or 2.26% to close at $64.76 a barrel.

U.S. standard West Texas Intermediate rose $1.43 or 2.38% to settle at $61.50 on the New York Mercantile Exchange.

Natural gas down 0.03 at $3.53 – change 0.84%