Oil made gains on Friday but OK Energy stocks dropped

 

The U.S. seizure of one oil tanker from Venezuela and the possibility of a third tanker being watched in the Caribbean Sea could send crude oil prices climbing higher than they did on Friday.

Brent crude rose back above the $60 mark on Friday, climbing 65 cents for a 1.1% gain for the day, settling at $60.47 a barrel.

West Texas Intermediate crude finished up 51 cents for a gain of 0.9% to close at $56.66 per barrel on the New York Mercantile Exchange.

For the week, both benchmarks finished down 1%, far less than the 4% slide they took in the previous week.

Natural gas prices finished up on Friday, settling at $3.984 MMBtu after a gain of $0.076 or 1.94%.

Most Oklahoma energy stocks finished with losses on Friday, including Empire Petroleum Corp. with a more than 5% drop for the day. Mammoth Energy dropped 4%. Those firms with gains finished up about 1%.

 

Alliance Resource Partners LP
23.30