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%.
8.15 USD −0.12 (1.45%)
3.31 USD +0.0100 (0.30%)
56.79 USD −2.02 (3.43%)
63.99 USD −1.28 (1.96%)
36.61 USD −1.09 (2.89%)
1.86 USD −0.080 (4.12%)
28.01 USD −0.46 (1.62%)
8.01 USD −0.19 (2.32%)
66.52 USD −0.37 (0.55%)
27.57 USD −0.73 (2.58%)
9.21 USD +0.17 (1.88%)
43.54 USD −3.33 (7.10%)
48.48 USD +0.070 (0.14%)
3.49 USD −0.070 (1.97%)
10.98 USD −0.52 (4.52%
1.52 USD +0.0100 (0.66%)
36.29 USD +0.22 (0.61%)
73.21 USD +0.33 (0.45%)
52.45 USD −0.92 (1.72%)
24.26 USD −0.47 (1.90%)
2.83 USD −0.050 (1.74%)
8.76 USD +0.26 (3.06%)
18.00 USD −0.44 (2.39%)
24.83 USD −0.17 (0.68%)
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%
