Crude oil prices keep sliding

Why crude oil prices keep falling and falling, in one simple chart - Vox

 

Make it six trading sessions of losses for crude oil prices as the oil market now has seen 15% declines since early July. Oklahoma energy stocks had their losses too in Thursday’s trading.

The weakened global demand from the increase in COVID-19 cases has resulted in oil prices at lows not seen since May.

Both West Texas Intermediate crude and Brent crude fell 2.6% on Thursday.

West Texas Intermediate dropped $1.71 to finish at $63.50 a barrel, rebounding slightly after falling to $62.41 a barrel, the lowest level since May 21, earlier in the day.

Global benchmark Brent crude finished down $1.78 at $66.45 a barrel on ICE Futures Europe. It also reached its lowest level since May 21 after touching $65.57 in earlier trading on Thursday.

The impact of the drop in prices was held by Oklahoma energy stocks as only one or two made gains for the day. Most suffered losses including Cypress Environmental which recorded a nearly 11% drop in its prices.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP

7.59 USD −0.22 (2.82%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.33 USD +0.080 (2.46%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

51.97 USD −0.45 (0.86%)

Cimarex Energy Co
NYSE: XEC

58.54 USD −1.86 (3.08%)

Continental Resources, Inc.
NYSE: CLR

33.48 USD −0.66 (1.93%)

Cypress Environmental Partners LP
NYSE: CELP

1.36 USD −0.16 (10.82%)

Devon Energy Corp
NYSE: DVN

25.34 USD −0.80 (3.06%)

Enable Midstream Partners LP
NYSE: ENBL

7.41 USD −0.27 (3.52%)

Gulfport Energy Corp
NYSE: GPOR

64.76 USD −0.21 (0.32%)

Helmerich & Payne, Inc.
NYSE: HP

24.25 USD −0.72 (2.88%)

LSB Industries, Inc.
NYSE: LXU

8.28 USD −0.32 (3.72%)

Laredo Petroleum Inc
NYSE: LPI

37.85 USD −1.24 (3.16%)

Magellan Midstream Partners, L.P.
NYSE: MMP

46.77 USD −0.87 (1.83%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.20 USD −0.080 (2.44%)

Matrix Service Co
NASDAQ: MTRX

10.46 USD −0.060 (0.57%)

NGL Energy Partners LP
NYSE: NGL

1.48 USD −0.045 (2.95%)

OGE Energy Corp.
NYSE: OGE

35.39 USD −0.27 (0.76%)

ONE Gas Inc
NYSE: OGS

72.07 USD −0.080 (0.11%)

ONEOK, Inc.
NYSE: OKE

49.27 USD −1.29 (2.55%)

Ovintiv Inc
NYSE: OVV

22.64 USD −0.36 (1.57%)

PHX Minerals Inc
NYSE: PHX

2.53 USD −0.070 (2.69%)

SandRidge Energy Inc.
NYSE: SD

7.90 USD −0.13 (1.62%)

Units Ord Shs
OTCMKTS: UNTC

21.39 USD +0.39 (1.86%)

Williams Companies Inc
NYSE: WMB

23.89 USD −0.15 (0.62%)

Oil price: Crude oil prices fall as oversupply concerns weigh over US-Iran tensions, Auto News, ET Auto

There was also a downward trend for other energy stocks according to the Texas Energy Report.

Cabot Oil & Gas (COG) down 0.44 at 14.59 – change 2.93%

Chevron (CVX) down 2.41 at 94.29 – change 2.50%

ConocoPhillips (COP) down 1.10 at 52.44 – change 2.04%

Diamondback Energy (FANG) down 1.93 at 67.88 – change 2.77%

Energy Transfer LP (ET) down 0.15 at 8.94 – change 1.64%

Enterprise Products Partners (EPD) down 0.54 at 21.30 – change 2.48%

EOG Resources (EOG) down 1.11 at 64.26 – change 1.69%

ExxonMobil (XOM) down 1.66 at 52.73 – change 3.06%

Kinder Morgan (KMI) down 0.40 at 15.89 – change 2.46%

Marathon Oil Corp. (MRO) down 0.46 at 10.68 – change 4.13%

National Oilwell Varco (NOV) down 0.30 at 12.08 – change 2.43%

Occidental Petroleum (OXY) down 1.36 at 22.09 – change 5.80%

Phillips 66 (PSX) down 1.88 at 66.27 – change 2.76%

Pioneer Natural Resources (PXD) down 1.87 at 140.47 – change 1.32%

Valero (VLO) down 2.00 at 60.24 – change 3.22%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.65 at 90.40 – change 0.72%

CenterPoint (CNP) down 0.48 at 25.92 – change 1.82%

Entergy (ETR) up 1.65 at 111.79 – change 1.49%

%d bloggers like this: