Crude oil prices up…Oklahoma energy stocks down. It summarized the results of trading on Monday. A breakdown in U.S. talks with Iran over its nuclear program sent crude prices upward.
Iranian state media quoted a Deputy Foreign Minister as indicating the talks will go nowhere if the U.S. continues insisting that Tehran stop all uranium enrichment activity. The statement prompted worries about global oil production and supplies and as a result, prices rose.
West Texas Intermediate crude, considered the U.S. benchmark, closed up 20 cents at $62.69 a barrel on the New York Mercantile Exchange.
Brent crude rose 13 cents and closed at $65.54 a barrel.
Natural gas prices fell 22 cents or 6.63% to close at $3.11.
Oklahoma energy stocks started the week out on a down note with many firms recording losses for the day. The biggest loss went to Stardust Power with a 21% drop in its shares. A few firms recorded gains including a more than 11% boost for NGL Energy Partners.