Following steep declines last week, crude oil prices on Monday rose slightly and at the same time, Oklahoma energy stocks went through small drops in their prices.
Analysts say the COVID-19 pandemic’s persistence is the problem. Investors aren’t sure that there will be much of an increased demand for gasoline especially after fresh lockdown restrictions in Europe.
West Texas Intermediate crude for April delivery finished Monday up 13 cents at $61.55 a barrel in trading on the New York Mercantile Exchange.
Brent crude oil for May delivery rose 9 cents to reach $64.62 a barrel in trading on ICE Futures Europe.
April natural gas went up 4 cents to $2.58 per 1,000 cubic feet.
The small increases in crude left Oklahoma energy stocks struggling to avoid major losses for the day.
Alliance Resource Partners fell 13 cents for a 2.22% loss to $5.72.
Blueknight Energy remained unchanged at $3.21.
Chesapeake Energy lost 1.29% on a 56 cent fall to $42.75.
Cimarex Energy dropped $1.61 to $60.04 for a loss of 2.61%.
Continental Resources lost more than 3% on an 81 cent fall to $25.76.
Cypress Environmental Partners finished up 4 cents to $3.20 for a gain of 1.27%.
Devon Energy closed down 40 cents at $22.33 and a loss of 1.76%.
Enable Midstream Partners LP gained 3.26% on a 22 cent increase to $6.97.
Gulfport Energy gained 4.44% to reach $0.064 cents.
Helmerich & Payne dropped $1.01 for a 3.29% loss to $29.66.
LSB Industries closed down 14 cents at $4.57 and a nearly 3% loss.
Laredo Petroleum Inc suffered a 5.37% loss when shares fell $1.85 to $32.58.
Magellan Midstream Partners closed at $43.86 on a 22 cent drop and a loss of half a point.
Mammoth Energy Services Inc went down 14 cents to $4.75 and a 2.86% loss.
Matrix Service Company lost 3.32% on a 45 cent fall to $13.12.
NGL Energy Partners closed down 5 cents for a 2.13% loss to $2.30.
OGE Energy Corp. finished down 20 cents at $32.08 and a loss of nearly 1%.
ONE Gas lost more than 2% on a $1.63 fall to $73.11
ONEOK Inc. finished up 3 cents at $48.49 and a gain of 0.062%.
Ovintiv Inc. lost 2.41% after shares fell 61 cents and closed at $24.70.
PHX Minerals Inc. slipped 3 cents to $3.17 and a loss of nearly 1%.
SandRidge Energy finished up 14 cents at $4.14 and a gain of 3.50%.
Williams Companies Inc. closed at $22.99 following a 4 cent increase and a gain of 0.17%.
The Texas Energy Report indicated many other energy stocks suffered a down day too.
Chevron (CVX) down 0.84 at 102.54 – change 0.82%
ConocoPhillips (COP) down 0.36 at 52.24 – change 0.69%
Diamondback Energy (FANG) down 0.50 at 75.31 – change 0.66%
Energy Transfer LP (ET) up 0.12 at 8.10 – change 1.50%
Enterprise Products Partners (EPD) up 0.40 at 22.89 – change 1.77%
EOG Resources (EOG) down 1.85 at 68.23 – change 2.64%
ExxonMobil (XOM) down 0.58 at 55.91 – change 1.03%
Kinder Morgan (KMI) down 0.15 at 15.78 – change 0.88%
Marathon Oil Corp. (MRO) down 0.19 at 10.83 – change 1.73%
National Oilwell Varco (NOV) down 0.29 at 14.35 – change 1.99%
Occidental Petroleum (OXY) down 0.64 at 27.46 – change 2.28%
Phillips 66 (PSX) down 1.68 at 80.58 – change 2.05%
Pioneer Natural Resources (PXD) down 4.82 at 158.66 – change 2.95%
Valero (VLO) down 1.42 at 72.28 – change 1.93
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.04 at 83.63 – change 0.05%
CenterPoint (CNP) down 0.30 at 21.96 – change 1.35%
Entergy (ETR) down 0.76 at 97.68 – change 0.78%
