Oklahoma Energy Stocks See Strong Gains Despite Falling Oil Prices
Oil prices dropped to their lowest settlement since early May on Monday, but Oklahoma’s energy sector showed strength across the board.
While crude prices faltered, natural gas prices jumped more than 12%, and nearly every Oklahoma-based energy stock ended the day in positive territory.
Investors are watching closely as U.S.–China trade concerns and a possible global oil glut weigh on the broader energy market. Yet Oklahoma firms proved resilient, with local producers and midstream companies posting solid rebounds.
Oil Falls on Global Supply Worries
Analysts said the oil market is reacting to fears of oversupply and weakening global demand.
Brent crude futures fell 28 cents, or 0.46%, to close at $61.01 per barrel, while West Texas Intermediate crude dipped just 2 cents to settle at $57.52 on the New York Mercantile Exchange.
Traders point to increased U.S. production, slowing Asian imports, and continued uncertainty over global economic growth as key factors behind the decline.
Natural Gas Prices Soar Over 12%
In contrast, natural gas prices surged, climbing $0.378, or 12.57%, to finish at $3.386 per MMBtu. The rise reflects stronger-than-expected industrial demand and short-term cooling trends across the Midwest and South.
Oklahoma’s Expand Energy, a major natural gas producer based in Oklahoma City, jumped more than 6% on the day. Gulfport Energy and NGL Energy Partners each added around 4%, signaling renewed investor confidence in regional energy stocks.
The overall strength in Oklahoma’s sector stood out even as national energy markets remained cautious. Local analysts say that kind of resilience could set the tone heading into next quarter’s earnings season.
