U.S. Markets closed

MARKETS: Crude oil refuses to stay down on bearish news, which is bullish

Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after Saudi Arabia reportedly increased crude oil production by 330,000 barrels per day in June.

Here's the performance of select energy stocks as of 1:30 pm ET:

SHLX Shell Midstream Partners LP 0.81%

CVE(HB) Cenovus Energy Inc -0.05%

TOT Total 'B' ADS -0.12%

HFC HollyFrontier Corporation -0.13%

RRC Range Resources -0.18%

BHGE Baker Hughes a GE Co Cl A -0.36%

BPL Buckeye Ptnrs L.P. -0.46%

MPLX MPLX LP -0.47%

WGP(HB) Western Gas Equity Partners LP -0.48%

PAA(HB) Plains All American Pipeline -0.51%

ANDV Andeavor -0.66%

ANDX(HB) Andeavor Logistics LP -0.71%

EQGP EQT GP Hldgs LP -0.77%

WPZ Williams Partners LP -0.79%

DVN Devon Energy -0.91%

MPC Marathon Petro Corp -0.91%

PBR Petroleo Brasileiro S.A. ADS -0.95%

HP Helmerich & Payne -1.10%

WMB Williams Companies -1.13%

BP(HB) BP P.L.C. ADS -1.15%

MMP Magellan Midstream Partners LP -1.31%

NOV National Oilwell Varco Inc -1.34%

OKE Oneok Inc -1.36%

SU Suncor Energy (New) -1.38%

XOM Exxon Mobil -1.45%

VLO Valero Energy -1.48%

OXY Occidental Petro -1.46%

E(HB) Eni S.P.A. ADS -1.48%

PSX Phillips 66 -1.49%

COP ConocoPhillips -1.55%

CNQ Canadian Natural Resources -1.52%

MRO Marathon Oil Corp -1.58%

HAL Halliburton Co -1.56%

PAGP Plains GP Hldgs L.P Cl A -1.59%

NFX Newfield Exploration -1.60%

LNG Cheniere Energy -1.64%

COG Cabot Oil & Gas Corp -1.62%

EQT EQT Corporation -1.72%

APC(HB) Anadarko Petro -1.73%

ETP Energy Transfer Partners LP -1.73%

PSXP(HB) Phillips 66 Partners LP -1.76%

FANG Diamondback Energy Inc -1.82%

AR Antero Resources Corp -1.83%

CVX Chevron Corporation -1.93%

EOG EOG Resources -1.90%

PE Parsley Energy Inc -1.92%

UGP Ultrapar Participacoes SA ADS -1.94%

EGN Energen Corp -1.95%

IMO Imperial Oil Ltd -2.17%

TRP(HB) Transcanada Corp -2.20%

PXD Pioneer Natural Resources -2.22%

EEP Enbridge Energy Ptnrs L.p. -2.29%

PTR(HB) Petrochina Co Ltd ADR -2.29%

RSPP(HB) RSP Permian Inc -2.31%

CEO(HB) CNOOC Ltd ADS -2.36%

SLB Schlumberger Ltd -2.42%

NBL Noble Energy -2.49%

CXO Concho Resources Inc -2.53%

YPF(HB) YPF Sociedad Anonima ADS -2.65%

HES Hess Corporation -2.78%

ECA EnCana Corporation -3.05%

FTI TechnipFMC plc -3.29%

CLR Continental Resources Inc -3.35%

EC Ecopetrol S.A. -3.60%

APA Apache Corp -3.85%

XEC Cimarex Energy -4.12%