Friday saw crude oil prices gain 2% as the International Energy Agency described the market as “tighter.” Plus, trading was affected by tariffs and possible more sanctions against Russia.
According to the IEA, demand is supported by peak summer refinery runs to meet travel and power generation.
West Texas Intermediate crude finished up $1.88 or 2.8% to close at $68.45 a barrel on the New York Mercantile Exchange.
Brent crude rose $1.72 or 2.5% and finished at $70.36 a barrel.
Friday was a positive day for Oklahoma energy stocks, including Stardust Power with a more than 9% gain for the day. Gulfport Energy also rose 5%.
Alliance Resource Partners LP
27.33 USD+0.48
Coterra Energy Inc
25.28 USD+0.18
Devon Energy Corp
33.97 USD+0.015
Empire Petroleum Corp
5.32 USD−0.21
Expand Energy Corp
105.57 USD+0.37
Gulfport Energy Corp
184.45 USD+8.52
Helmerich and Payne Inc
17.17 USD−0.050
LSB Industries Inc
8.52 USD+0.16
Mach Natural Resources LP
14.99 USD+0.29
Mammoth Energy Services Inc
2.66 USD+0.020
Matrix Service Co
13.36 USD−0.010
NGL Energy Partners LP Unit
4.28 USD+0.040
OGE Energy Corp
44.28 USD−0.24
ONE Gas Inc
73.12 USD−0.56
ONEOK Inc
81.34 USD+0.43
Ovintiv Inc
41.94 USD+1.03
SandRidge Energy Inc
10.96 USD+0.14
Stardust Power Inc
0.25 USD+0.021
Unit Corp
26.86 USD−0.12
Vital Energy Inc
18.92 USD+0.63
Williams Companies Inc
58.22 USD+0.45