Crude prices recorded gains on Monday after the U.S. and China trade talks gave strong suggestions of progress. Oklahoma energy stocks followed suit with several firms making 5% and 6% gains for the day.
Investors feel optimistic that the world’s two largest crude users might be close to a resolution in their trade war.
Global benchmark Brent crude finished up 27 cents or 0.4% to close at $64.18 a barrel.
US benchmark West Texas Intermediate closed up 28 cents or 0.5% at $61.30 a barrel on the New York Mercantile Exchange.
The slight gains came after the two benchmarks recorded more than $1 increases on Friday and a 4% jump for the week.
Natural gas prices closed down 15 cents for a 3.93% loss to $3.65.
Oklahoma energy stocks finished in strong positive territory on Monday with at least two companies LSB Industries Inc. and Vital Energy approaching 6% for the day.