Crude Climbs on Russia Sanctions; Oklahoma Energy Stocks Up

Crude oil prices rose more than $1 a barrel or 1% in Tuesday’s trading as investors and traders considered the impact of U.S. sanctions on Russian oil flows.

Additionally, President Trump’s announcement that his administration has begun interviewing for the next Federal Reserve chair added another layer of market movement.

Crude Oil Prices Rise on Global Geopolitical Pressure

West Texas Intermediate crude rose 83 cents or 1.39% and settled at $60.74 a barrel on the New York Mercantile Exchange.
Brent crude finished up 69 cents or 1.07% and closed at $64.89 a barrel.

Traders React to Russia Oil Sanctions

Traders assessed the ongoing U.S. sanctions on Russian oil, including new penalties targeting major Russian exporters.
Therefore, analysts continue to watch for disruptions in crude supply chains as sanctions exert greater pressure on Russian producers.

Natural Gas Prices Edge Higher

Natural gas rose $0.021 or 0.48%, settling at $4.382 MMBtu.

Oklahoma Energy Stocks Rebound Strongly

Most Oklahoma Energy stocks saw gains on Tuesday, continuing a pattern of strength despite recent market swings.

Empire Petroleum Leads the Day

Empire Petroleum gained more than 8%, leading all Oklahoma energy performers.

Stardust Power Closes With Strong 7% Gain

Stardust Power followed closely with a robust 7% increase, signaling renewed investor confidence across the sector.

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