Looking for more news? Visit our sister site, OK Politics Today, and subscribe here today!

July 17, 2025

Crude oil prices increased following suspected Iranian drone attacks on Iraqi oilfields

 

 

An attack by drones on Iraqi Kurdistan oil fields Thursday sent crude oil prices up $1 a barrel, a clear sign there is continued risk in the volatile region.

Officials believe Iran-backed militias were responsible, although no group has claimed they were behind the attacks. Oil output in the region has been cut by nearly 150,000 barrels a day.

Bent crude, the global benchmark, finished up $1 or 1.46% to close at $69.52 a barrel.

US benchmark, West Texas Intermediate crude, rose $1.16 for a 1.75% gain to $67.54 a barrel on the New York Mercantile Exchange.

Following the drone attacks on the Iraqi oilfields, Oklahoma energy stocks recorded mostly a day of gains. Matrix Service Co. recorded a strong 5% gain while Vital Energy rose nearly 5%. Others had modest gains while Devon Energy increased by more than 3%.

 

Alliance Resource Partners LP
27.03 USD+0.010 
Coterra Energy Inc
24.45 USD+0.26 
Devon Energy Corp
32.78 USD+1.02 
Empire Petroleum Corp
5.02 USD−0.13 
Expand Energy Corp
108.15 USD−0.16 
Gulfport Energy Corp
188.06 USD+0.63 
Helmerich and Payne Inc
15.99 USD+0.40 
 LSB Industries Inc
8.49 USD+0.14 
Mach Natural Resources LP
14.72 USD−0.050 
Mammoth Energy Services Inc
2.64 USD+0.050 
Matrix Service Co
14.52 USD+0.75 
NGL Energy Partners LP Unit
4.29 USD+0.030 
OGE Energy Corp
44.11 USD−0.0100 
ONE Gas Inc
73.14 USD+0.16 
ONEOK Inc
81.24 USD+2.09 
Ovintiv Inc
40.02 USD+0.69 
SandRidge Energy Inc
10.28 USD+0.12 
Stardust Power Inc
0.42 USD−0.0068 
Unit Corp
25.92 USD−0.27 
Vital Energy Inc
16.90 USD+0.79 
Williams Companies Inc
58.09 USD−0.39 

Share this article:

About the Author