Crude oil prices finished nearly 1% higher in Wednesday’s trading as U.S. and Iranian negotiators continued their talks about nuclear armament in an attempt to avoid military conflict in the Middle East.
Tension still exist as some military observers believe there will be another U.S. attack on Tehran. At the same time, investors reacted to a weekly report showing a large build in U.S. crude inventories.
West Texas Intermediate crude rose 67 cents or 1.05% and closed at $64.63 per barrel on the New York Mercantile Exchange.
Brent crude finished 60 cents or 0.87% higher at $69.40 a barrel.
Natural gas prices saw a more than 2% bump in Wednesday’s trading. They settled at $3.184 MMBtu with a gain of $0.069 or 2.22%.
Wednesday was a good day for Oklahoma energy stocks as most recorded gains. Four percent gains were recorded by Alliance Resource Partners, Coterra Energy, LSB Industries and Mach Natural Resources.