Crude more more gains on Thursday as summer driving season increases demand

 

 

Just as we highlighted the number of Oklahoma counties with $3 gasoline, crude oil prices gained again on Thursday and experts credited increased summer driving behind the growth.

The higher demand prompted by more drivers on the road overrode concerns about supply risks in the Middle East as Iran and Israel continue their tenuous ceasefire.

Brent crude finished Thursday up 5 cents or 0.07% to $67.73 per barrel.

The U.S. benchmark, West Texas Intermediate crude, went up 32 cents for a 0.49% gain to $65.24 a barrel on the New York Mercantile Exchange.

The gains came after both standards increased nearly 1% on Wednesday.

Oklahoma energy stocks did a reversal of fortunes on Thursday with most recording gains at the end of the day.

Empire Petroleum scored a 5% gain and Williams ended up 4% higher for the day.

 

Alliance Resource Partners LP
25.44 USD+0.26 
Coterra Energy Inc
25.95 USD−0.14 
Devon Energy Corp
32.48 USD+0.33 
Empire Petroleum Corp
5.57 USD+0.27 
Expand Energy Corp
118.67 USD−0.41 
 Gulfport Energy Corp
205.25 USD+3.43 
Helmerich and Payne Inc
15.53 USD+0.050 
LSB Industries Inc
7.62 USD−0.015 
Mach Natural Resources LP
14.42 USD+0.080 
Mammoth Energy Services Inc
2.92 USD+0.0100 
Matrix Service Co
13.60 USD+0.11 
NGL Energy Partners LP Unit
4.29 USD+0.050 
 OGE Energy Corp
43.99 USD+0.21 
ONE Gas Inc
72.14 USD+0.20 
ONEOK Inc
81.32 USD+1.14 
Ovintiv Inc
38.73 USD+0.72 
PHX Minerals Inc
4.35 USD
SandRidge Energy Inc
11.11 USD+0.090 
Stardust Power Inc
0.20 USD−0.0030 
Unit Corp
26.48 USD+0.090 
Vital Energy Inc
16.51 USD−0.22 
Williams Companies Inc
62.87 USD+2.18