Crude oil prices gained about 2% on Friday and Oklahoma energy stocks recorded positive gains as well.
It was the first weekly gain for crude oil since the middle of April and came about as a US trade deal with the United Kingdom produced optimism about investors. Both Brent and WTI finished up 4% for the week.
Global benchmark Brent Crude finished up $1.07 or 1.7% at $63.91 a barrel.
US benchmark, West Texas Intermediate rose $1.11 or 1.9% to close at $61.02 on the New York Mercantile Exchange.
futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas Intermediate crude futures advanced $1.11, or about 1.9%, to settle at $61.02.
The majority of Oklahoma energy stocks recorded gains for the day including PHX Minerals with a more than 20% increase following its sale to WhiteHawk Energy.
While Mammoth Energy rose more than 5%, two firms, Matrix Service and NGL Energy fell with large losses, 9% and 7% respectively.
Alliance Resource Partners LP
24.97 USD−0.84 (3.25%)
Coterra Energy Inc
23.39 USD+0.27 (1.17%)
Devon Energy Corp
32.53 USD+0.60 (1.88%)
Empire Petroleum Corp
3.89 USD−0.100 (2.51%)
Expand Energy Corp
112.38 USD+3.57 (3.28%)
Gulfport Energy Corp
192.20 USD+3.98 (2.11%)
Helmerich and Payne Inc
18.28 USD−0.055 (0.30%)
LSB Industries Inc
6.91 USD+0.12 (1.77%)
Mach Natural Resources LP
13.96 USD+0.50 (3.71%)
Mammoth Energy Services Inc
2.49 USD+0.12 (5.06%)
Matrix Service Co
12.43 USD−1.22 (8.94%)
NGL Energy Partners LP Unit
3.04 USD−0.22 (6.75%)
OGE Energy Corp
44.38 USD+0.045 (0.10%)
ONE Gas Inc
77.04 USD−2.69 (3.37%)
OGE Energy Corp
44.38 USD+0.045 (0.10%)
Ovintiv Inc
36.14 USD+0.79 (2.23%)
PHX Minerals Inc
4.33 USD+0.75 (20.95%)
SandRidge Energy Inc
10.04 USD+0.26 (2.66%)
Stardust Power Inc
0.50 USD−0.043 (7.86%)
Unit Corp
25.77 USD+0.068 (0.26%)
Vital Energy Inc
16.05 USD+0.41 (2.62%)
Williams Companies Inc
57.66 USD+0.60 (1.05%)