Red Sea violence sent crude prices up in Thursday’s trading

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The Red Sea attacks by the Iran-aligned Houthis continue to weigh heavily on investors and sent crude oil futures higher in Thursday’s trading. However, the gains were also affected by a large build in U.S. crude inventories, seen even in Oklahoma.


West Texas Intermediate crude for April delivery gained 70 cents to $78.61 a barrel on the New York Mercantile Exchange.

Brent crude, the global benchmark saw its April futures go up 64 cents and close at $83.67 a barrel on ICE Futures Europe.

March natural gas fell 4 cents to $1.73 per 1,000 cubic feet.

A handful of Oklahoma energy firms recorded gains in Thursday’s trading such as Empire Petroleum with a 5% increase and Mammoth Energy with a strong 2% jump. But most local energy stocks recorded losses for the day ranging from 1% to 2%.

Alliance Resource Partners

0.12 USD−0.0088 today

Chesapeake Energy Ord Shs

83.28 USD−0.57 

43.97 USD−0.14 

141.78 USD−0.94 

38.77 USD−0.060 

7.69 USD−0.080 

Mach Natural Resources LP

 Mammoth Energy Services Inc

11.61 USD−0.020 

5.75 USD−0.020 

33.24 USD−0.34 

46.26 USD−0.050 

12.98 USD−0.17 

7.02 USD−0.080 

39.60 USD−0.78 

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