Day six of the war between Israel and Iran and crude oil prices rose again on Wednesday.
Investors remain worried about disruptions of crude oil supplies coming out of the Middle East, plus the possibility the U.S. might become directly involved. President Trump is coy about what h might do after Iranian Supreme leader Ayatollah Ali Khamenei rejected the President’s demand for unconditional surrender.
Brent crude, considered the global benchmark, finished Wednesday up 25 cents at $76.70 a barrel.
West Texas Intermediate crude gained 30 cents to close at $75.14 a barrel on the New York Mercantile Exchange.
At one point in Wednesday’s trading, prices were down about 2%.
As crude oil recorded a slight gain for the day, Oklahoma energy stocks were split for the day.
Helmerich & Payne fell nearly 5% and Unit Corp dropped more than 5% while Stardust Power gained about 5%.