Crude oil prices rose again on Monday and Oklahoma energy stocks recorded some strong gains as well.
Oil rose thanks to a weaker U.S. dollar while investors await news about the U.S. and China trade talks underway in London. The weaker U.S. dollar means oil was cheaper for holders of other currencies. It also sent oil prices to multi-week highs for the day.
Brent crude, the global benchmark finished 57 cents higher or 0.9% to $67.04 a barrel.
West Texas Intermediate in the U.S. gained 71 cents or 1.1% and finished the day at $65.29 a barrel on the New York Mercantile Exchange. At one point, WTI reached $65.38 a barrel, its highest level since early April.
Monday saw more Oklahoma energy stocks with gains than those firms where prices declined for the day. NGL Energy Partners recorded a nearly 8% gain for the day and others had strong 4% and 5% gains, including Empire Petroleum, Helmerich & Payne, Mammoth Energy and Vital Energy.
