Crude oil prices made more gains on Tuesday following some positive economic indicators worldwide. Oklahoma energy stocks recorded improved trading but some also suffered 5% and 6% losses.
Investors at the same time were cautious as they focused on an approaching OPEC+ meeting where members will decie whether to increase the August oil production. There is also a belief that Saudi Arabia will increase its August crude oil prices for buyers in Asia to a four-month high.
Global standard Brent crude finished up 37 cents or 0.6% to close at $67.11 a barrel.
The US standard, West Texas Intermediate crude, gained 34 cents or 0.5% and finished at $65.45 a barrel on the New York Mercantile Exchange.
The majority of Oklahoma energy stocks finished Tuesday with gains. However, some firms suffered losses including a nearly 7% drop for Williams, and 5% declines for Expand Energy Corp., Gulfport Energy and Helmerich & Payne.