Crude oil ended the week up more than 2% on Friday, thanks to a clear indication from Federal Reserve Chairman Jerome Powell that the central bank was likely to cut interest rates.
West Texas Intermediate oil closed up $1.82, or 2.49%, at $74.83 a barrel on the New York Mercantile Exchange.
Brent crude oil rose USD 1.80, or 2.33%, to close at USD 79.02 per barrel on ICE Futures Europe.
Oklahoma energy stocks ended the trading week on Friday with strong gains, including Chesapeake Energy up 3%, Empire Petroleum and Mammoth Energy with a 4% boost and LSB Industries an increase of 6%.
142.27 USD+1.15
39.56 USD+0.090
33.09 USD+0.090
Other energy stocks also recorded gains on Friday, according to Texas Energy Report.
(Apache) (APA) up to 0.55 at 28.47 – Change 1.96%
Cheniere (liquefied petroleum gas) up to 2.04 at 183.96 – Change 1.12%
Chevron (CV) up to 1.89 at 147.62 – Change 1.29%
ConocoPhillips (POLICEMAN) plus 1.43 at 111.40 – Change 1.30%
Diamondback Energy (CATCH) up to 3.49 at 195.22 – Change 1.82%
Energy Transfer LP (ET) up to 0.20 at 16:14 – Change 1.25%
Partner for corporate products Environmental Impact Assessment (EPD) up to 0.20 at 29.29 – Change 0.68%
EOG Resources (EOG) up to 1.68 at 126.90 – Change 1.34%
ExxonMobil (XOM) up to 1.59 at 116.32 – Change 1.38%
Kinder Morgan (KMI) up to 0.28 at 21.28 – Change 1.33%
Marathon Oil Corp. (Maintenance/Repair) up to 0.42 at 28.09 – Change 1.51%
NOV Inc. (NOV) up to 0.54 at 18.00 – Change 3.09%
Occidental Petroleum (Oxygen) up to 1.13 at 57.24 – Change 2.03%
Phillips66 (PSX) up to 2.21 at 135.37 – Change 1.65%
Tellurian Inc. (TELL) by 0.02 to 0.93 – Change 2.19%
Valero (VLO) up to 2.44 at 145.87 – Change 1.70%
CONCLUSIONS FOR THE BEST UTILITY STOCKS
American electricity (AEP) minus 0.04 at 98.25 – Change 0.05%
center (CNP) down 0.17 at 26.77 – Change 0.64%
Entergy (ETR) unchanged at 118.80 – Change 0.00%
