Oil prices settled a little higher Wednesday despite an unanticipated increase in US gasoline supplies.
Brent crude futures were up 24 cents to settle at $85.25 per barrel. West Texas Intermediate crude futures settled at seven cents higher at $80.90 per barrel.
Rising tension between Israel and Hezbollah in Lebanon have worried investors that an escalation of the Gaza war might disrupt crude oil supplies coming from the Middle East. A full Israel-Hezbollah battle could draw in other powers in the region and that could include major oil producers like Iran.
Oil prices fell early in the session following a report from the US Energy Information Administration about a 3.6 million barrel increase in this country’s crude oil stocks over the last week. Many experts had anticipated a drawdown instead.
Alliance Resource Partners, L.P.
24.22 USD +0.13 (+0.54%)
Canoo Inc
1.96 USD +0.34 (+20.99%)
Chesapeake Energy Corp
82.74 USD -0.88 (-1.05%)
Coterra Energy Inc
27.15 USD -0.50 (-1.81%)
Devon Energy Corp
46.72 USD -0.65 (-1.37%)
Empire Petroleum Corp
5.34 USD +0.02 (+1.38%)
Gulfport Energy Corp
153.69 USD -1.90 (-1.22%)
Helmerich and Payne Inc
35.20 USD +0.11 (+0.31%)
LSB Industries Inc
8.30 USD +0.15 (+1.84%)
Mach Natural Resources LP
19.26 USD -0.14 (-0.72%)
Mammoth Energy Services Inc
3.25 USD +0.01 (+0.31%)
Matrix Service Co
10.09 USD +0.36 (+3.70%)
NGL Energy Partners LP
5.08 USD -0.11 (-2.12%)
OGE Energy Corp
35.26 USD -0.59 (-1.65%)
ONE Gas Inc
61.22 USD +0.72 (+1.19%)
ONEOK Inc
80.53 USD -0.49 (-0.60%)
Ovintiv Inc
45.97 USD -0.70 (-1.50%)
PHX Minerals Inc
3.26 USD +0.02 (+0.62%)
SandRidge Energy Inc
12.82 USD -0.11 (-0.85%)
Southwestern Energy Co
6.75 USD -0.07 (-1.03%)
Unit Corp
36.60 USD -0.10 (-0.27%)
Vital Energy Inc
42.82 USD -0.64 (-1.47%)
Williams Companies Inc
42.29 USD -0.60 (-1.40%)
