Crude oil prices jumped back on Friday for 1% gain

Not only did crude oil prices bounce back upward on Friday but so did Oklahoma energy stocks—some as much as 6%.

Crude prices rose by 1% and stayed nearly unchanged for the week. Analysts explained investors considered the prospects of a fast end to the war in Ukraine which might result in more demand for crude oil.

West Texas Intermediate crude finished up 63 cents or 1% at $67.18 a barrel on the New York Mercantile Exchange.

Brent crude rose 70 cents or 1% and closed at $70.58 a barrel.

All of the Oklahoma energy stocks noted in this story recorded gains on Friday. At least four firms, Empire Petroleum, Mammoth Energy Services, Ovintiv Inc. and Vital Energy had 6% increases for the day.