Will crude oil prices rebound this week?

What to Do About Falling Oil Prices: Pivot Your Procurement and Supply  Chain Strategy | GEP

 

Friday trading saw another dip in crude oil prices as the International Energy Agency expressed more concern that the spread of coronavirus variants is causing a slowdown in oil demand. So it raises the question whether the fall of Afghanistan over the weekend might take minds off COVID-19 and the impact on crude oil.

West Texas Intermediate crude for September delivery dropped 65 cents to $68.44 a barrel. Global benchmark Brent crude oil for October delivery fell 72 cents to $70.59.

As a result, trading for Oklahoma energy stocks resulted in more losses than gains on Friday. Laredo Petroleum had one of the biggest losses at more than 7%.

Alliance Resource Partners, L.P.
NASDAQ: ARLP

8.15 USD −0.12 (1.45%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.31 USD +0.0100 (0.30%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

56.79 USD −2.02 (3.43%)

Cimarex Energy Co
NYSE: XEC

63.99 USD −1.28 (1.96%)

Continental Resources, Inc.
NYSE: CLR

36.61 USD −1.09 (2.89%)

Cypress Environmental Partners LP
NYSE: CELP

1.86 USD −0.080 (4.12%)

Devon Energy Corp
NYSE: DVN

28.01 USD −0.46 (1.62%)

Enable Midstream Partners LP
NYSE: ENBL

8.01 USD −0.19 (2.32%)

Gulfport Energy Corp
NYSE: GPOR

66.52 USD −0.37 (0.55%)

Helmerich & Payne, Inc.
NYSE: HP

27.57 USD −0.73 (2.58%)

LSB Industries, Inc.
NYSE: LXU

9.21 USD +0.17 (1.88%)

Laredo Petroleum Inc
NYSE: LPI

43.54 USD −3.33 (7.10%)

 Magellan Midstream Partners, L.P.
NYSE: MMP

48.48 USD +0.070 (0.14%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.49 USD −0.070 (1.97%)

Matrix Service Co
NASDAQ: MTRX

10.98 USD −0.52 (4.52%

NGL Energy Partners LP
NYSE: NGL

1.52 USD +0.0100 (0.66%)

OGE Energy Corp.
NYSE: OGE

36.29 USD +0.22 (0.61%)

ONE Gas Inc
NYSE: OGS

73.21 USD +0.33 (0.45%)

ONEOK, Inc.
NYSE: OKE

52.45 USD −0.92 (1.72%)

Ovintiv Inc
NYSE: OVV

24.26 USD −0.47 (1.90%)

PHX Minerals Inc
NYSE: PHX

2.83 USD −0.050 (1.74%)

SandRidge Energy Inc.
NYSE: SD

8.76 USD +0.26 (3.06%)

Units Ord Shs
OTCMKTS: UNTC

18.00 USD −0.44 (2.39%)

Williams Companies Inc
NYSE: WMB

24.83 USD −0.17 (0.68%)

Negative oil prices put spotlight on investors - Risk.net

 

The Texas Energy Report indicated other oil and gas firms also had losses for the day while utilities made gains.

Cabot Oil & Gas (COG) down 0.27 at 15.82 – change 1.68%

Chevron (CVX) down 0.68 at 101.96 – change 0.67%

ConocoPhillips (COP) down 1.07 at 55.97 – change 1.88%

Diamondback Energy (FANG) down 3.73 at 75.64 – change 4.70%

Energy Transfer LP (ET) down 0.21 at 9.51 – change 2.17%

Enterprise Products Partners (EPD) down 0.25 at 22.52 – change 1.10%

EOG Resources (EOG) down 1.79 at 68.00 – change 2.57%

ExxonMobil (XOM) down 0.58 at 56.77 – change 1.02%

Kinder Morgan (KMI) down 0.09 at 17.21 – change 0.53%

Marathon Oil Corp. (MRO) down 0.30 at 12.10 – change 2.42%

National Oilwell Varco (NOV) down 0.36 at 13.22 – change 2.66%

Occidental Petroleum (OXY) down 1.08 at 25.79 – change 4.02%

Phillips 66 (PSX) down 0.56 at 73.89 – change 0.74%

Pioneer Natural Resources (PXD) down 3.08 at 151.60 – change 2.00%

Valero (VLO) down 1.00 at 66.25 – change 1.49%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.74 at 89.69 – change 0.83%

CenterPoint (CNP) up 0.15 at 26.90 – change 0.56%

Entergy (ETR) up 1.19 at 109.88 – change 1.09%

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