Crude oil prices soared by 5% on Friday, thanks to a number of factors including the uncertainty of more interest rate hikes by the U.S. Federal Reserve and a looming EU ban on Russian oil.
Oklahoma energy stocks recorded gains on the day too.
West Texas Intermediate crude for December delivery shot up $4.44 a barrel to settle at $92.61 on the New York Mercantile Exchange.
Global benchmark Brent crude for January delivery increased more than 4% or $3.90 to finish at $98.57 a barrel on ICE Futures Europe.
December natural gas rose 42 cents or more than 7% to $6.40 per 1,000 cubic feet.
Friday resulted in a strong day in trading for some Oklahoma energy stocks. SandRidge Energy skyrocketed more than 12% and Gulfport rose 5%.
Apache (APA) up 1.70 at 48.99 – change 3.59%
Cheniere (LNG) down 5.27 at 171.78 – change 2.98%
Chevron (CVX) up 2.29 at 183.42 – change 1.26%
ConocoPhillips (COP) down 1.50 at 133.32 – change 1.13%
Diamondback Energy (FANG) up 2.84 at 161.37 – change 1.79%
Energy Transfer LP (ET) up 0.11 at 12.30 – change 0.90%
Enterprise Products Partners (EPD) up 0.20 at 24.95 – change 0.80%
EOG Resources (EOG) up 3.85 at 142.22 – change 2.78%
ExxonMobil (XOM) up 1.21 at 112.31 – change 1.08%
Kinder Morgan (KMI) up 0.13 at 18.17 – change 0.72%
Marathon Oil Corp. (MRO) up 0.61 at 32.03 – change 1.94%
National Oilwell Varco (NOV) up 0.40 at 23.22 – change 1.75%
Occidental Petroleum (OXY) up 1.11 at 73.27 – change 1.53%
Phillips 66 (PSX) up 0.36 at 103.48 – change 0.34%
Pioneer Natural Resources (PXD) down 0.58 at 255.06 – change 0.23%
Tellurian Inc. (TELL) down 0.04 at 2.99 – change 1.33%
Valero (VLO) down 0.99 at 128.72 – change 0.77%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.89 at 89.57 – change 1.00%
CenterPoint (CNP) up 0.47 at 28.48 – change 1.67%
Entergy (ETR) up 1.37 at 110.72 – change 1.25%