Lankford calls it a “big beautiful win” for Oklahoma businesses and workers

© Reuters. FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. REUTERS/Stringer/File Photo

 

 

Crude oil prices made more gains on Tuesday following some positive economic indicators worldwide. Oklahoma energy stocks recorded improved trading but some also suffered 5% and 6% losses.

Investors at the same time were cautious as they focused on an approaching OPEC+ meeting where members will decie whether to increase the August oil production. There is also a belief that Saudi Arabia will increase its August crude oil prices for buyers in Asia to a four-month high.

Global standard Brent crude finished up 37 cents or 0.6% to close at $67.11 a barrel.

The US standard, West Texas Intermediate crude, gained 34 cents or 0.5% and finished at $65.45 a barrel on the New York Mercantile Exchange.

The majority of Oklahoma energy stocks finished Tuesday with gains. However, some firms suffered losses including a nearly 7% drop for Williams, and 5% declines for Expand Energy Corp., Gulfport Energy and Helmerich & Payne.

 

Alliance Resource Partners LP

25.83 USD−0.31 (1.19%)

25.09 USD−0.29 (1.14%)

111.19 USD−5.75 (4.92%)

190.92 USD−10.25 (5.10%)

Mach Natural Resources LP

14.50 USD+0.050 (0.35%)

Mammoth Energy Services Inc

2.81 USD+0.0100 (0.36%)

NGL Energy Partners LP Unit

4.24 USD−0.035 (0.82%)

80.99 USD−0.65 (0.80%)

10.83 USD+0.010 (0.092%)

0.19 USD−0.0025 (1.27%)

58.72 USD−4.09 (6.51%)