Crude oil prices rose in Friday’s trading and so did Oklahoma energy stocks following news that Ukraine had carried out a drone attack on the largest port in western Russia, resulting in suspended loadings.
Early in the day, crude reacted to the drone attack on Russia’s northwestern port of Primorsk, which led to a suspension of oil loading operations overnight, an official from Ukraine’s SBU security service said, according to a report by Reuters.
However, concerns remained about U.S. demand and it pulled in the reins on any more of a gain for the day.
West Texas Intermediate crude gained 32 cents or 0.51% and finished at $62.69 per barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark, rose 62 cents for a 0.93% gain to settle at $66.99 a barrel.
Natural gas prices rose $0.007 or 0.24% to close at $2.941 MMBtu.`
Friday proved to be a negative day of trading for Oklahoma energy stocks.
Empire Petroleum Corp. led the way with a more than 4% drop for the day while many others experienced moderate losses for the day.
8.01 USD −0.070 (0.87%)
2.37 USD−0.010