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.
9.11 USD −0.17 (1.83%)
3.07 USD −0.030 (0.97%)
58.26 USD −1.46 (2.44%)
75.90 USD −1.54 (1.99%)
0.0095 USD 0.00 (0.00%)
1.39 USD −0.020 (1.42%)
28.49 USD +0.31 (1.10%)
7.46 USD +0.13 (1.77%)
78.59 USD +0.32 (0.41%)
25.59 USD −0.15 (0.58%)
9.64 USD +0.57 (6.28%)
71.39 USD +0.67 (0.95%)
46.33 USD +0.34 (0.74%)
2.60 USD +0.100 (4.00%)
9.75 USD −0.12 (1.22%)
33.24 USD −0.32 (0.95%)
64.17 USD +0.19 (0.30%)
53.31 USD +0.32 (0.60%)
28.05 USD −0.13 (0.46%)
2.74 USD −0.040 (1.44%)
10.52 USD −0.25 (2.32%)
30.95 USD +2.20 (7.65%)
24.71 USD −0.26 (1.04%)
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%