Oil made gains and Oklahoma energy stocks were strong
Despite talks held Friday between the U.S. and Iran, things remained tense and there was still an air of possible military action by the U.S. As a result, crude oil prices made gains.
Global benchmark Brent crude rose 50 cents or 0.74% and closed at $68.05 a barrel.
West Texas Intermediate, the U.S. standard, gained 26 cents or 0.41% to close at $63.55 a barrel on the New York Mercantile Exchange.
Both fell in overnight trading and at one point, managed a gain of more than $1 a barrel before slipping to the lower increase.
Iranian and U.S. negotiators met in Oman on Friday as they discussed ways to end the tense differences over Tehran’s nuclear program. The talks ended Friday as negotiators returned to their capitals for consultations.
Natural gas prices fell in Friday’s trading. They settled at $3.424 MMBtu after a decline of $0.085 or 2.42%.
Oklahoma energy stocks had a strong Friday and the gainers were led by Empire Petroleum Corporation which had a startling 18% boost in share values for the day. Stardust Power rose 6% while there were at least 5 firms with gains of 4%.