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A dollar-a-barrel jump in crude oil prices on Thursday came aftr OPEC+ indicated it would continue with production cuts. But adding to the increase were continued attacks on Russia’s oil refineries and a drop in the U.S. rig count.
It also led to gains for Oklahoma energy stocks.
West Texas Intermediate crude, considered the U.S. benchmark, rose $1.82 or 2.2% to finish the day at $83.17 a barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark, gained $1.39 or 1.6% and settled at $87.48 a barrel, its highest mark since the end of October 2023.
For the week, WTI gained nearly 3.2% while Brent rose 2.4%.
APA Corp. (Apache) (APA) up 0.67 at 34.38 – change 1.98%
Cheniere (LNG) up 0.14 at 161.28 – change 0.08%
Chevron (CVX) up 1.39 at 157.74 – change 0.88%
ConocoPhillips (COP) up 0.44 at 127.28 – change 0.34%
Diamondback Energy (FANG) up 1.64 at 198.17 – change 0.83%
Energy Transfer LP (ET) up 0.19 at 15.73 – change 1.22%
Enterprise Products Partners (EPD) up 0.13 at 29.18 – change 0.44%
EOG Resources (EOG) up 1.45 at 127.84 – change 1.14%
Exxon Mobil (XOM) up 1.27 at 116.24 – change 1.10%
Kinder Morgan (KMI) up 0.19 at 18.34 – change 1.04%
Marathon Oil Corp. (MRO) up 0.63 at 28.34 – change 2.27%
NOV Inc. (NOV) up 0.32 at 19.52 – change 1.56%
Occidental Petroleum (OXY) up 0.79 at 64.98 – change 1.23%
Phillips 66 (PSX) up 4.38 at 163.34 – change 2.75%
Pioneer Natural Resources (PXD) up 2.50 at 262.50 – change 0.96%
Tellurian Inc. (TELL) up 0.06 at 0.66 – change 11.40%
Valero (VLO) up 2.88 at 170.69 – change 1.71%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.30 at 86.10 – change 1.53%
CenterPoint (CNP) up 0.20 at 28.49 – change 0.70%
Entergy (ETR) up 0.80 at 105.68 – change 0.76%
The post Crude oil prices hit high levels as OPEC+ continues production cuts first appeared on Oklahoma Energy Today.
