Crude oil futures inch closer to a 1-year high in trading

 

While crude oil futures approached 1-year highs in Wednesday’s trading, Oklahoma energy stocks for the most part suffered losses.

With one major exception. Matrix Service Co, headquartered in Tulsa had a nearly 26% gain for the day as its shares soared $3.13 each to finish the day at $15.36. Officially, that’s a gain of 25.59%.

Brent and West Texas Intermediate crude prices apparently were the recipients of investors who laid money down on more stimulus coming from the federal government and that COVID-19 vaccine will fuel an economic recovery.

At one point in the trading, Brent crude was approaching the $57 mark while WTI in the U.S. was more than $53 a barrel…the highest level since February.

But, there’s always a but, by the end of the trading day, both WTI and Brent suffered losses.

West Texas Intermediate crude lost 12 cents or 0.23% and fell to $52.79—-still close to the $53 mark.

Global benchmark Brent crude for March delivery dropped 52 cents or a nearly 1% fall to $56.06 in trading on ICE Futures Europe.

Natural gas up 0.02 at 2.75 – change 0.70%

Alliance Resource Partners, L.P. rose 20 cents a share to finish at $5.62 for a 3.69% gain for the day.

Blueknight Energy Partners LP Common Stock dropped one cent and closed at $2.01.
Chesapeake Energy Corporation lost 18 cents or 4.41% and settled at $3.90 for the day.
Continental Resources, Inc. fell $1.26 for a 6.10% drop to $19.39.
Cypress Environmental Partners LP dropped 4 cents or 1.56% to $2.53.
Devon Energy Corp dropped nearly 3% when stocks lost 58 cents and closed at $19.13.
Enable Midstream Partners LP gained half a point when stocks increased 3 cents and finished at $6.03.
Gulfport Energy Corporation fell about 2 cents to 12 cents for a 13.38% decline.
Helmerich & Payne, Inc. lost $1.34 or more than 5% to close at $25.05.
 LSB Industries, Inc. suffered a nearly 4% slide after shares lost 16 cents and settled at $3.86.
Laredo Petroleum Inc closed at $25.68 after losing 19 cents a share or about 1%.
Magellan Midstream Partners, L.P. dropped 26 cents to $46.10 per share, a decline of not quite 1%.
Mammoth Energy Services Inc finished up 8 cents for a 2% gain to $4.57.
OGE Energy Corp. dropped one cent to $31.15.
ONE Gas Inc closed down 7 cents at $71.49.
ONEOK, Inc. finished up 19 cents at $43.71, a gain of 0.44%.
Ovintiv Inc fell 55 cents to $17.39 and suffered a 3.07% tumble.
PHX Minerals Inc finished with no change at $2.60.
SandRidge Energy Inc. lost 9 cents a share for a 2.14% slide to $4.11.
Williams Companies Inc closed down 19 cents at $22.24, a loss of not quite 1%.

The Texas Energy Report showed others suffered losses too.

Chevron (CVX) down 0.09 at 93.25 – change 0.10%

Concho Resources (CXO) down 0.59 at 68.59 – change 0.86%

ConocoPhillips (COP) down 0.39 at 47.03 – change 0.83%

Diamondback Energy (FANG) down 1.33 at 61.54 – change 2.12%

Energy Transfer LP (ET) up 0.10 at 7.24 – change 1.40%

Enterprise Products Partners (EPD) up 0.33 at 22.74 – change 1.47%

EOG Resources (EOG) down 1.97 at 60.47 – change 3.16%

ExxonMobil (XOM) up 0.54 at 48.42 – change 1.12%

Kinder Morgan (KMI) up 0.10 at 15.31 – change 0.65%

Marathon Oil Corp. (MRO) down 0.35 at 8.03 – change 4.18%

National Oilwell Varco (NOV) down 0.65 at 15.35 – change 4.07%

Occidental Petroleum (OXY) down 0.29 at 22.33 – change 1.29%

Phillips 66 (PSX) down 1.97 at 71.77 – change 2.68%

Pioneer Natural Resources (PXD) down 4.20 at 130.93 – change 3.11%

Valero (VLO) down 1.81 at 57.70 – change 3.05%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.31 at 78.15 – change 0.39%

CenterPoint (CNP) up 0.12 at 20.82 – change 0.57%

Entergy (ETR) up 0.95 at 93.65 – change 1.02%

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