Oil prices drop below $60 in US trading

 

Crude oil prices took another hit in Wednesday’s trading as prices in the U.S. dropped below $60 a barrel.

West Texas Intermediate crude for May delivery fell $1.39 to $59.16 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for May delivery took a 60-cent drop to $63.54 a barrel on ICE Futures Europe.

May natural gas also fell for the day, dropping one cent to $2.61 per 1,000 cubic feet.

Wednesday proved to be a good day for most Oklahoma energy stocks as they reported gains for the day. LSB Industries, Inc. had the biggest improvement with a nearly 7% gain for the day. Shares rose 33 cents to $5.13 for a gain of 6.87%.

Alliance Resource Partners, L.P. gained 3.76% on a 21 cent increase to $5.80.

Blueknight Energy Partners had a 4.18% gain on a 13 cent improvement to $3.24.

Chesapeake Energy rose 25 cents for a gain of 0.58% to $43.39.
Cimarex Energy Company dropped 40 cents for a loss of 0.67% to $59.39.
Devon Energy fell 15 cents to $21.85 and a loss of 0.68%.
Enable Midstream Partners lost 3.14% on a 21 cent fall to $6.48.
Gulfport Energy Corporation fell nearly 5% to $0.050 cents.
Laredo Petroleum gained more than 2% on a 64 cent climb to $30.06.
Magellan Midstream Partners, L.P. added 57 cents to reach $43.36 resulting in a gain of 1.33%.
Mammoth Energy Services closed up 26 cents at $5.32 and a gain of more than 5%.
Matrix Service Company dropped one cent to $13.11 and a loss of 0.076%.
NGL Energy Partners LP rose 9 cents to $2.04 and a gain of just under 5%.
OGE Energy fell 4 cents to $32.36 and a loss of 0.12%.
ONE Gas Inc had a $1 increase and a gain of 1.31% to $76.91.
ONEOK Inc. added 40 cents for a nearly 1% gain to $50.66.
Ovintiv Inc. lost 1.41% on a 34 cent fall to $23.82.
PHX Minerals was unchanged at $2.87.
SandRidge Energy Inc. gained 4.83% on an 18 cent improvement to $3.91.
Unit Corporation fell 33 cents to close at $12.22 and a 2.63% loss.
Williams Companies closed up a penny at $23.69 and a gain of only 0.042%.

The Texas Energy Report has more energy stocks.

Chevron (CVX) down 1.14 at 104.79 – change 1.08%

ConocoPhillips (COP) up 0.38 at 52.97 – change 0.71%

Diamondback Energy (FANG) down 0.99 at 73.49 – change 1.33%

Energy Transfer LP (ET) down 0.07 at 7.68 – change 0.90%

Enterprise Products Partners (EPD) down 0.32 at 22.02 – change 1.43%

EOG Resources (EOG) down 0.76 at 72.53 – change 1.04%

ExxonMobil (XOM) down 0.86 at 55.83 – change 1.52%

Kinder Morgan (KMI) up 0.03 at 16.65 – change 0.18%

Marathon Oil Corp. (MRO) down 0.30 at 10.68 – change 2.69%

National Oilwell Varco (NOV) up 0.06 at 13.72 – change 0.44%

Occidental Petroleum (OXY) down 0.72 at 26.62 – change 2.63%

Phillips 66 (PSX) down 0.63 at 81.54 – change 0.77%

Pioneer Natural Resources (PXD) down 1.63 at 158.82 – change 1.02%

Valero (VLO) down 0.18 at 71.60 – change 0.25%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.03 at 84.70 – change 0.04%

CenterPoint (CNP) down 0.15 at 22.65 – change 0.66%

Entergy (ETR) up 0.81 at 99.47 – change 0.82%

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