After closing the previous trading day at $37.59, OGE is up to $37.84, which makes for a move of 0.67%/25 cents today.

United States Crude Oil Inventories data will be released today at 14:30 UTC, with an expected improvement to -917,000 (previous figure was -1.28 million).

Meanwhile, United States Consumer Price Index came out at 4.9%, while a consensus of analysts was expecting 5%. United States Core Consumer Prices released today at 12:30 UTC with a figure of 0.4%, while the previous figure was 0.4%. United States Consumer Price Index came out at 0.4%, while a consensus of analysts was expecting 0.4%.

OGE Energy Corp.'s upper Bollinger Band® is at $38.27, this is a slight indication of a slowdown. OGE is 45 cents away from testing key resistance at $38.29. Peaking above this level could inspire market bulls and open the path to further gains.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates OGE is set for a reversal in the coming days.

This rally in OGE's share price coincides with other utilities stocks as NextEra Energy is up 1.35%.

Moreover, macro data could boost sentiment further as United States Producer Price Index is projected to outperform its last figure with 0.3%. It previously stood at -0.5%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -917,000, having previously been at -1.28 million. The figure will be published today at 14:30 UTC.

Furthermore, the market is looking at as things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 245,000, following on from the preceding figure of 242,000. New data is set to be published tomorrow at 12:30 UTC.

On a negative trend for around a month. Approximately 8 months ago, the electric utility company reached a significant high of $42.78 but has struggled to hold onto its gains and declined 12.13% since then.