While oil futures fell Thursday apparently because of concerns about new restrictions on growing numbers of COVID-19 cases across the U.S., energy stocks surrendered gains made earlier in the week. Investors apparently are worried the restrictions will only weaken energy demand even more.
West Texas Intermediate crude finished down 12 cents at $41.62 per barrel.
Global benchmark Brent crude closed down 14 cents at $44.20 in trading on the ICE Futures Europe.
Natural gas was up 0.02 at 2.61 – change 0.63%..
Three firms that had a good trading day were Cypress Environmental Partners where shares rose 42 cents for a more than 20% jump to $2.51; Devon Energy where stocks increased 80 cents for a gain of 6.27% to $13.56; and Matrix Service Co. which closed at $10.33 following a 65-cent increase or a gain of 6.71%.
Others didn’t have as good a day including Alliance Resource Partners, L.P. whose shares dropped 10 cents for a tumble of 2.40% to $4.06. Blueknight Energy Partners LP gained a penny or about 1% to $1.61. Chesapeake Energy Corporation dropped 11 cents for a 3.43% decline to $3.10.
Chevron (CVX) up 1.45 at 85.73 – change 1.72%
Concho Resources (CXO) up 0.57 at 57.24 – change 1.02%
ConocoPhillips (COP) up 0.28 at 39.47 – change 0.74%
Diamondback Energy (FANG) up 1.70 at 39.44 – change 4.50%
Energy Transfer LP (ET) up 0.47 at 6.12 – change 8.31%
Enterprise Products Partners (EPD) up 0.51 at 19.39 – change 2.70%
EOG Resources (EOG) up 0.53 at 45.46 – change 1.17%
ExxonMobil (XOM) up 0.19 at 37.40 – change 0.51%
Kinder Morgan (KMI) up 0.64 at 14.40 – change 4.65%
Marathon Oil Corp. (MRO) up 0.20 at 5.69 – change 3.64%
National Oilwell Varco (NOV) up 0.37 at 12.31 – change 3.09%
Occidental Petroleum (OXY) up 0.49 at 13.36 – change 3.80%
Parsley Energy (PE) up 0.27 at 12.17 – change 2.26%
Phillips 66 (PSX) up 0.70 at 61.45 – change 1.15%
Pioneer Natural Resources (PXD) up 2.02 at 96.63 – change 2.13%
Valero (VLO) down 0.04 at 51.21 – change 0.08%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.68 at 82.45 – change 2.00%
CenterPoint (CNP) down 0.32 at 23.43 – change 1.35%