Crude futures took another blow on Friday as oil fell again.
West Texas Intermediate crude, considered the benchmark of U.S. oil prices fell 66 cents at $52.27 for March delivery. That’s a drop of 1.62%.
Global benchmark Brent Crude for March delivery dropped 69 cents and finished the day at $55.41 in trading on the ICE Futures Europe. It amounted to a loss of 1.23%.
Natural gas prices finished down too. They dropped 4 cents to close at $2.45 per MMBtu.
While crude oil futures were down on Friday as the Biden administration continued waging its war on oil and gas, at least one Oklahoma energy company saw a big jump in its stock prices.
Chesapeake Energy Corporation’s stock show up more than 22% as shares increased 89 cents to reach $4.89 for the day.
Other Oklahoma firms had a so-so day with many seeing continued losses.
Alliance Resource Partners lost 2 cents for a 0.38% slide to $5.23 per share.
Blueknight Energy Partners LP finished up 2 cents for a 1% gain to $2.04.
Cimarex Energy Co lost 14 cents and closed at $44.33.
A lot of other energy stocks were down too as the Texas Energy Report indicated on Friday.
Chevron (CVX) down 0.29 at 91.73 – change 0.31%
ConocoPhillips (COP) down 0.50 at 42.69 – change 1.16%
Diamondback Energy (FANG) up 2.96 at 63.74 – change 4.87%
Energy Transfer LP (ET) down 0.12 at 6.50 – change 1.82%
Enterprise Products Partners (EPD) down 0.86 at 21.56 – change 3.84%
EOG Resources (EOG) down 0.17 at 54.86 – change 0.31%
ExxonMobil (XOM) down 0.68 at 47.43 – change 1.42%
Kinder Morgan (KMI) up 0.06 at 15.32 – change 0.39%
Marathon Oil Corp. (MRO) down 0.10 at 8.15 – change 1.22%
National Oilwell Varco (NOV) up 0.02 at 13.41 – change 0.14%
Occidental Petroleum (OXY) down 0.05 at 21.49 – change 0.24%
Phillips 66 (PSX) down 0.61 at 72.55 – change 0.84%
Pioneer Natural Resources (PXD) up 1.15 at 131.16 – change 0.89%
Valero (VLO) up 0.59 at 59.45 – change 1.00%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.11 at 82.08 – change 1.37%
CenterPoint (CNP) down 0.25 at 21.44 – change 1.16%
Entergy (ETR) up 0.30 at 93.97 – change 0.32%