Five straight days of falling oil prices

Ask the Experts: The Impact of Falling Oil Prices on Your Wallet

 

The fall of crude oil prices hit a fifth day on Wednesday, thanks in part to how growing COVID-19 cases across the U.S. and the world will affect the outlook for fuel demand. Investors are worried the surge in cases will eventually result in a growth of crude oil in storage.

The tumble in prices also caused another day of losses for many Oklahoma energy stocks.

West Texas Intermediate crude for September delivery dropped $1.13 to finish at $65.46 a barrel.

Global benchmark Brent crude oil for October delivery fell 80 cents and closed at $68.23 a barrel on ICE Futures Europe.

Oklahoma energy stocks struggled to avoid major losses while one firm, NGL Energy Services recorded a nearly 9% gain for the day.

Alliance Resource Partners, L.P.
NASDAQ: ARLP

7.81 USD −0.24 (2.98%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.25 USD +0.020 (0.62%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

52.42 USD −2.35 (4.29%)

Cimarex Energy Co
NYSE: XEC

60.40 USD −1.97 (3.16%)

Continental Resources, Inc.
NYSE: CLR

34.14 USD −0.92 (2.62%)

Cypress Environmental Partners LP
NYSE: CELP

1.55 USD −0.14 (8.28%)

Devon Energy Corp
NYSE: DVN

26.14 USD −0.77 (2.86%)

Enable Midstream Partners LP
NYSE: ENBL

7.68 USD −0.21 (2.66%)

Gulfport Energy Corp
NYSE: GPOR

64.64 USD +0.040 (0.062%)

Helmerich & Payne, Inc.
NYSE: HP

24.98 USD −0.58 (2.27%)

LSB Industries, Inc.
NYSE: LXU

8.52 USD −0.050 (0.58%)

Laredo Petroleum Inc
NYSE: LPI

39.11 USD −1.68 (4.12%)

Magellan Midstream Partners, L.P.
NYSE: MMP

47.66 USD −0.71 (1.47%)

 Mammoth Energy Services Inc
NASDAQ: TUSK

3.28 USD −0.14 (4.09%)

Matrix Service Co
NASDAQ: MTRX

10.52 USD +0.020 (0.19%)

NGL Energy Partners LP
NYSE: NGL

1.52 USD +0.12 (8.57%)

OGE Energy Corp.
NYSE: OGE

35.66 USD −0.29 (0.81%)

ONE Gas Inc
NYSE: OGS

72.15 USD −0.99 (1.35%)

ONEOK, Inc.
NYSE: OKE

50.56 USD −0.69 (1.35%)

Ovintiv Inc
NYSE: OVV

23.01 USD −0.74 (3.12%)

PHX Minerals Inc
NYSE: PHX

2.59 USD −0.0100 (0.38%)

SandRidge Energy Inc.
NYSE: SD

8.02 USD −0.16 (1.96%)

Units Ord Shs
OTCMKTS: UNTC

21.00 USD 0.00 (0.00%)

Williams Companies Inc
NYSE: WMB

24.04 USD −0.43 (1.76%)

 

Coping with a Dual Shock: COVID-19 and Oil Prices

Other energy stocks recorded losses for the day according to the Texas Energy Report.

Cabot Oil & Gas (COG) down 0.47 at 15.03 – change 3.04%

Chevron (CVX) down 2.69 at 96.70 – change 2.71%

ConocoPhillips (COP) down 0.99 at 53.53 – change 1.82%

Diamondback Energy (FANG) down 2.07 at 69.81 – change 2.88%

Energy Transfer LP (ET) down 0.22 at 9.10 – change 2.37%

Enterprise Products Partners (EPD) down 0.38 at 21.84 – change 1.72%

EOG Resources (EOG) down 0.61 at 65.36 – change 0.93%

ExxonMobil (XOM) down 1.17 at 54.39 – change 2.11%

Kinder Morgan (KMI) down 0.46 at 16.29 – change 2.75%

Marathon Oil Corp. (MRO) down 0.35 at 11.14 – change 3.05%

National Oilwell Varco (NOV) down 0.23 at 12.38 – change 1.83%

Occidental Petroleum (OXY) down 0.63 at 23.45 – change 2.62%

Phillips 66 (PSX) down 1.82 at 68.15 – change 2.61%

Pioneer Natural Resources (PXD) down 2.66 at 142.34 – change 1.84%

Valero (VLO) down 1.27 at 62.24 – change 2.00%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.24 at 90.54 – change 0.26%

CenterPoint (CNP) down 0.29 at 26.40 – change 1.09%

Entergy (ETR) up 0.04 at 110.14 – change 0.03%

%d bloggers like this: