Crude oil managed a slight increase in Tuesday’s trading

What Causes Oil Prices to Fluctuate?

 

Modest increases in crude oil prices were recorded in Tuesday’s trading as analysts credited concerns about the global consumption outlook moving forward. The day’s trading left Oklahoma energy stocks confused as some rose and some sank.

West Texas Intermediate crude, whose October contract expired Tuesday managed a 27-cent increase to finish the day at $70.56 a barrel. The increase came after a 2% fall on Monday.

Global benchmark Brent crude finished up 44 cents at $74.36 a barrel.

Brent and the November WTI contract earlier reached session highs of $75.18 a barrel and $71.48 per barrel, respectively.

The weak increase came as the Organization of the Petroleum Exporting Countries struggled to produce enough oil last month to meet current consumption.

It resulted in a mixed day for Oklahoma energy stocks. Some went up. Some went down.

Unit Corporation recorded a nearly 8% gain and LSB Industries Inc. had a more than 6% increase for the day.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP

9.11 USD −0.17 (1.83%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.07 USD −0.030 (0.97%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

58.26 USD −1.46 (2.44%)

Cimarex Energy Co
NYSE: XEC

75.90 USD −1.54 (1.99%)

Continental Energy Corporation
OTCMKTS: CPPXF

0.0095 USD 0.00 (0.00%)

Cypress Environmental Partners LP
NYSE: CELP

1.39 USD −0.020 (1.42%)

Devon Energy Corp
NYSE: DVN

28.49 USD +0.31 (1.10%)

Enable Midstream Partners LP
NYSE: ENBL

7.46 USD +0.13 (1.77%)

Gulfport Energy Corp
NYSE: GPOR

78.59 USD +0.32 (0.41%)

Helmerich & Payne, Inc.
NYSE: HP

25.59 USD −0.15 (0.58%)

LSB Industries, Inc.
NYSE: LXU

9.64 USD +0.57 (6.28%)

Laredo Petroleum Inc
NYSE: LPI

71.39 USD +0.67 (0.95%)

Magellan Midstream Partners, L.P.
NYSE: MMP

46.33 USD +0.34 (0.74%)

Mammoth Energy Services Inc
NASDAQ: TUSK

2.60 USD +0.100 (4.00%)

 Matrix Service Co
NASDAQ: MTRX

9.75 USD −0.12 (1.22%)

NGL Energy Partners LP
2.06 USD−0.0100 (0.48%)
OGE Energy Corp.
NYSE: OGE

33.24 USD −0.32 (0.95%)

ONE Gas Inc
NYSE: OGS

64.17 USD +0.19 (0.30%)

ONEOK, Inc.
NYSE: OKE

53.31 USD +0.32 (0.60%)

Ovintiv Inc
NYSE: OVV

28.05 USD −0.13 (0.46%)

PHX Minerals Inc
NYSE: PHX

2.74 USD −0.040 (1.44%)

SandRidge Energy Inc.
NYSE: SD

10.52 USD −0.25 (2.32%)

Units Ord Shs
OTCMKTS: UNTC

30.95 USD +2.20 (7.65%)

Williams Companies Inc
NYSE: WMB

24.71 USD −0.26 (1.04%)

 

Oil Prices Ease, Remain Close to 4-Year Highs — The Government and Business Journal

Other energy stocks were mixed as well including ConocoPhillips which saw a nearly 4% gain for the day according to the Texas Energy Report.

Apache (APA) down 0.15 at 18.77 – change 0.75%

Cabot Oil & Gas (COG) down 0.39 at 18.98 – change 2.02%

Cheniere (LNG) up 2.47 at 87.74 – change 2.89%

Chevron (CVX) up 0.07 at 94.85 – change 0.07%

ConocoPhillips (COP) up 2.25 at 59.33 – change 3.96%

Diamondback Energy (FANG) up 0.93 at 80.04 – change 1.17%

Energy Transfer LP (ET) up 0.12 at 8.85 – change 1.37%

Enterprise Products Partners (EPD) up 0.09 at 21.52 – change 0.41%

EOG Resources (EOG) up 0.68 at 72.20 – change 0.95%

ExxonMobil (XOM) down 0.05 at 53.64 – change 0.10%

Kinder Morgan (KMI) up 0.10 at 15.78 – change 0.63%

Marathon Oil Corp. (MRO) down 0.08 at 11.41 – change 0.61%

National Oilwell Varco (NOV) down 0.48 at 12.42 – change 3.73%

Occidental Petroleum (OXY) down 0.05 at 25.43 – change 0.20%

Phillips 66 (PSX) up 0.07 at 64.34 – change 0.10%

Pioneer Natural Resources (PXD) down 1.41 at 147.44 – change 0.95%

Valero (VLO) up 0.35 at 63.32 – change 0.55%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.31 at 82.99 – change 0.38%

CenterPoint (CNP) up 0.21 at 24.92 – change 0.84%

Entergy (ETR) down 1.53 at 107.98 – change 1.40%

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