Patterson-UTI Energy is trading 7.2% up now at $10.59 after energy stocks rallied alongside higher crude prices.
- Oil markets remain supported by uncertainty over whether the Strait of Hormuz will reopen.
- Iran’s conditions have tempered optimism about an agreement.
- Reuters reported Brent at $83.74 and WTI at $78.21 on August 10; the energy sector rose 2.28% during regular trading.