Thursday , May 16 2024

Crude oil prices gained while natural gas fell in Friday’s trading

Investors await Monday’s trading to see if crude oil prices might continue their gain following Friday’s 2% increase for prices. The increase came as traders waited on an OPEC+ decision on  second quarter supply agreements. At the same time, natural gas prices in the US continued their slow tumble downward.
US prices, West Texas Intermediate, rose $1.71 or 2.19% on the New York Mercantile Exchange and closed at $79.97….just a few pennies short of $80 a barrel.
Brent crude, the global benchmark, went up $1.64 or 2% and closed at $83.55 a barrel on ICE Futures Europe.
April natural gas fell 2 cents to $1.84 per 1,000 cubic feet.
Oklahoma energy stocks ended the week on a mixed day of trading with a 4% loss for Empire Petroleum but a 3% gain for Mammoth Energy.
Alliance Resource Partners, L.P.
18.81 USD−0.19 
Canoo Inc
0.10 USD−0.00030 
Chesapeake Energy Corp
82.81 USD+0.030 
Coterra Energy Inc
25.96 USD+0.18 
Devon Energy Corp
44.39 USD+0.33 
Empire Petroleum Corp
5.69 USD−0.24 
Gulfport Energy Corp
142.00 USD+0.0100 
Helmerich and Payne Inc
38.99 USD+0.60 
LSB Industries Inc
7.29 USD−0.070 
Mach Natural Resources LP
18.55 USD+0.15 
Mammoth Energy Services Inc
3.74 USD+0.100 
Matrix Service Co
11.99 USD+0.19 
NGL Energy Partners LP
6.05 USD+0.14 
OGE Energy Corp
32.84 USD−0.070 
ONE Gas Inc
59.48 USD−0.12 
ONEOK Inc
75.13 USD+0.0100 
Ovintiv Inc
50.40 USD+0.99 
PHX Minerals Inc
3.06 USD−0.0100 
 SandRidge Energy Inc
13.01 USD−0.030 
Southwestern Energy Co
6.98 USD+0.010 
 Unit Corp
38.77 USD−0.24 
Vital Energy Inc
50.81 USD+0.48 
Williams Companies Inc
36.40 USD+0.46 
Many other energy stocks recorded gains in Friday’s trading, according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.62 at 30.41 – change 2.08%

Cheniere (LNG) up 0.98 at 156.18 – change 0.63%

Chevron (CVX) up 0.80 at 152.81 – change 0.52%

ConocoPhillips (COP) up 1.70 at 114.24 – change 1.51%

Diamondback Energy (FANG) up 2.65 at 185.17 – change 1.45%

Energy Transfer LP (ET) up 0.34 at 14.98 – change 2.32%

Enterprise Products Partners (EPD) up 0.30 at 27.75 – change 1.09%

EOG Resources (EOG) up 1.64 at 116.10 – change 1.43%

Exxon Mobil (XOM) up 1.32 at 105.84 – change 1.26%

Kinder Morgan (KMI) up 0.07 at 17.46 – change 0.40%

Marathon Oil Corp. (MRO) up 0.35 at 24.60 – change 1.44%

NOV Inc. (NOV) up 0.20 at 17.10 – change 1.18%

Occidental Petroleum (OXY) up 0.75 at 61.36 – change 1.23%

Phillips 66 (PSX) up 1.69 at 144.19 – change 1.18%

Pioneer Natural Resources (PXD) up 4.63 at 237.27 – change 1.99%

Tellurian Inc. (TELL) down 0.03 at 0.76 – change 3.36%

Valero (VLO) up 1.82 at 143.28 – change 1.28%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.20 at 84.99 – change 0.24%

CenterPoint (CNP) down 0.06 at 27.44 – change 0.22%

Entergy (ETR) down 1.11 at 100.47 – change 1.09%

The post Crude oil prices gained while natural gas fell in Friday’s trading first appeared on Oklahoma Energy Today.

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