Another big drop in crude oil prices

Falling Oil Prices: a Blessing in Disguise | Financial Tribune

 

Crude oil suffered another major drop in prices on Monday  as the U.S. Energy Information Administration predicted American oil production will increase in September to the highest level since May 2020. Oklahoma energy stocks dropped as well.

West Texas Intermediate crude for September delivery dropped $1.15 before settling at $67.29 a barrel.

Global benchmark Brent crude for October delivery fell $1.08 and finished the day at $60.51 a barrel on ICE Futures Europe.

As a result, Oklahoma energy stocks experienced losses including Cypress Environmental at nearly 9% and Laredo Petroleum close to 7%.

 

 Alliance Resource Partners, L.P.
NASDAQ: ARLP

8.23 USD +0.080 (0.98%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.25 USD −0.060 (1.81%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

55.83 USD −0.96 (1.69%)

Cimarex Energy Co
NYSE: XEC

62.27 USD −1.77 (2.76%)

Continental Resources, Inc.
NYSE: CLR

35.08 USD −1.53 (4.18%)

Cypress Environmental Partners LP
NYSE: CELP

1.70 USD −0.16 (8.60%)

Devon Energy Corp
NYSE: DVN

27.17 USD −0.84 (3.00%)

 Enable Midstream Partners LP
NYSE: ENBL

8.01 USD 0.00 (0.00%)

Gulfport Energy Corp
NYSE: GPOR

65.01 USD −1.51 (2.27%)

Helmerich & Payne, Inc.
NYSE: HP

26.25 USD −1.07 (3.92%)

LSB Industries, Inc.
NYSE: LXU

8.69 USD −0.52 (5.65%)

 Laredo Petroleum Inc
NYSE: LPI

40.56 USD −2.98 (6.84%)

Magellan Midstream Partners, L.P.
NYSE: MMP

48.67 USD +0.23 (0.47%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.42 USD −0.040 (1.16%)

Matrix Service Co
NASDAQ: MTRX

11.21 USD +0.23 (2.09%)

NGL Energy Partners LP
NYSE: NGL

1.48 USD −0.050 (3.27%)

OGE Energy Corp.
NYSE: OGE

35.90 USD −0.39 (1.07%)

ONE Gas Inc
NYSE: OGS

72.94 USD −0.40 (0.55%)

ONEOK, Inc.
NYSE: OKE

51.75 USD −0.70 (1.33%)

Ovintiv Inc
NYSE: OVV

23.49 USD −0.77 (3.17%)

PHX Minerals Inc
NYSE: PHX

2.70 USD −0.17 (5.92%)

SandRidge Energy Inc.
NYSE: SD

8.67 USD −0.090 (1.03%)

Units Ord Shs
OTCMKTS: UNTC

19.00 USD +1.00 (5.56%)

Williams Companies Inc
NYSE: WMB

24.61 USD −0.22 (0.89%)

Largest Oil Firms Profited in 2018 Despite Falling Oil Prices

Other energy stocks also finished with losses according to the Texas Energy Report.

Cabot Oil & Gas (COG) down 0.35 at 15.47 – change 2.22%

Chevron (CVX) down 1.04 at 100.92 – change 1.03%

ConocoPhillips (COP) down 1.16 at 54.81 – change 2.08%

Diamondback Energy (FANG) down 3.10 at 72.54 – change 4.10%

Energy Transfer LP (ET) unchanged at 9.51 – change 0.00%

Enterprise Products Partners (EPD) down 0.10 at 22.42 – change 0.45%

EOG Resources (EOG) down 2.08 at 65.92 – change 3.06%

ExxonMobil (XOM) down 0.83 at 55.94 – change 1.47%

Kinder Morgan (KMI) down 0.21 at 17.00 – change 1.23%

Marathon Oil Corp. (MRO) down 0.43 at 11.67 – change 3.56%

National Oilwell Varco (NOV) down 0.36 at 12.87 – change 2.65%

Occidental Petroleum (OXY) down 1.00 at 24.79 – change 3.88%

Phillips 66 (PSX) down 2.04 at 71.84 – change 2.77%

Pioneer Natural Resources (PXD) down 4.01 at 147.59 – change 2.65%

Valero (VLO) down 1.71 at 64.54 – change 2.59%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.61 at 90.30 – change 0.68%

CenterPoint (CNP) down 0.11 at 26.79 – change 0.41%

Entergy (ETR) up 0.40 at 110.28 – change 0.36%

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