For a second day of trading, Oklahoma energy stocks saw performances into positive territory as they started the week with more gains than losses. Last Friday, they also rebounded from the large 20% losses inflicted during the tariff war.
PHX Minerals had the largest percentage gain at more than 4% but one exception was Empire Petroleum which incurred a more than 9% loss for the day. Utilities in the state saw about 1% gains.
At the same time, oil prices settled higher, thanks to new data showing a rebound in China’s March crude imports and Trump tariff exemptions on some electronics. Still, investors also exhibited worries the trade war might weaken global growth and harm fuel demand.
Global benchmark Brent crude settled 12 cents or 0.2% higher at $64.88 a barrel.
West Texas Intermediate crude, the U.S. benchmark finished up 3 cents at $61.53 a barrel on the New York Mercantile Exchange.
Natural gas down 0.20 at $3.33 – change 5.73%