While COVID case numbers go up, crude oil prices go down

Moody's warns of falling oil price impact on utilities - Power Engineering  International

 

The surge in COVID-19 cases across the globe was blamed for a drop on Friday of crude oil prices, resulting in the biggest week of losses in more than nine months. Can they rebound as the industry prepares for another week of trading?

West Texas Intermediate crude for September delivery dropped $1.37 or 2.2% to settle at $62.32 a barrel on Friday. It was the seventh day for WTI to tumble and made for an 8.9% decline for the week.

Global benchmark Brent crude oil for October delivery fell $1.27 to finish at $65.18 a barrel on ICE Futures Europe.

More than a handful of Oklahoma energy stocks made gains in Friday’s trading including SandRidge Energy which posted a more than 8% increase in prices.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP

7.83 USD +0.24 (3.16%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.18 USD −0.14 (4.35%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

52.67 USD +0.70 (1.35%)

Cimarex Energy Co
NYSE: XEC

57.83 USD −0.71 (1.21%)

Continental Resources, Inc.
NYSE: CLR

33.82 USD +0.34 (1.02%)

Cypress Environmental Partners LP
NYSE: CELP

1.31 USD −0.050 (3.68%)

Devon Energy Corp
NYSE: DVN

25.70 USD +0.36 (1.42%)

Enable Midstream Partners LP
NYSE: ENBL

7.58 USD +0.17 (2.29%)

Gulfport Energy Corp
NYSE: GPOR

64.42 USD −0.34 (0.53%)

Helmerich & Payne, Inc.
NYSE: HP

24.13 USD −0.12 (0.49%)

LSB Industries, Inc.
NYSE: LXU

8.37 USD +0.090 (1.09%)

Laredo Petroleum Inc
NYSE: LPI

37.85 USD 0.00 (0.00%)

Magellan Midstream Partners, L.P.
NYSE: MMP

47.29 USD +0.52 (1.11%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.30 USD +0.100 (3.12%)

Matrix Service Co
NASDAQ: MTRX

10.62 USD +0.16 (1.53%)

NGL Energy Partners LP
NYSE: NGL

1.45 USD −0.030 (2.03%)

OGE Energy Corp.
NYSE: OGE

35.88 USD +0.49 (1.38%)

ONE Gas Inc
NYSE: OGS

72.57 USD +0.45 (0.62%)

ONEOK, Inc.
NYSE: OKE

50.43 USD +1.18 (2.40%)

Ovintiv Inc
NYSE: OVV

23.13 USD +0.50 (2.21%)

PHX Minerals Inc
NYSE: PHX

2.49 USD −0.055 (2.16%)

SandRidge Energy Inc.
NYSE: SD

8.54 USD +0.65 (8.24%)

Units Ord Shs
OTCMKTS: UNTC

21.48 USD +0.090 (0.42%)

Williams Companies Inc
NYSE: WMB

24.04 USD +0.15 (0.63%)

 

What Will Be The Repercussions Of Falling Oil Prices Across The Globe? |  Forbes India

 

Only slight gains were reported by other energy stocks according to the Texas Energy Report.

Cabot Oil & Gas (COG) down 0.17 at 14.42 – change 1.17%

Chevron (CVX) up 0.01 at 94.30 – change 0.01%

ConocoPhillips (COP) up 0.33 at 52.77 – change 0.62%

Diamondback Energy (FANG) up 0.30 at 68.18 – change 0.44%

Energy Transfer LP (ET) up 0.07 at 9.02 – change 0.78%

Enterprise Products Partners (EPD) up 0.28 at 21.58 – change 1.31%

EOG Resources (EOG) up 0.21 at 64.47 – change 0.32%

ExxonMobil (XOM) up 0.01 at 52.74 – change 0.02%

Kinder Morgan (KMI) up 0.05 at 15.94 – change 0.31%

Marathon Oil Corp. (MRO) up 0.04 at 10.72 – change 0.37%

National Oilwell Varco (NOV) up 0.11 at 12.19 – change 0.91%

Occidental Petroleum (OXY) down 0.15 at 21.95 – change 0.64%

Phillips 66 (PSX) down 0.32 at 65.95 – change 0.49%

Pioneer Natural Resources (PXD) up 0.85 at 141.32 – change 0.60%

Valero (VLO) down 0.04 at 60.20 – change 0.07%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.68 at 91.08 – change 0.75%

CenterPoint (CNP) up 0.42 at 26.34 – change 1.62%

Entergy (ETR) up 2.81 at 114.60 – change 2.51%

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