Crude prices remained steady after OPEC+ decision

U.S. Oil Prices Retreat After Briefly Hitting Six-Year High on OPEC Standoff - WSJ

US benchmark crude oil prices rose slightly while the global benchmark Brent crude slipped in Wednesday’s trading after OPEC and allies agreed to stay with their existing crude oil production increases. It left analysts saying prices finished the day “steady.”

West Texas Intermediate crude rose 9 cents before finishing the day at $68.59 a barrel. Earlier in the trading, WTI dropped to $67.12 a barrel.

Global benchmark Brent crude fell 4 cents and settled at $71.59 a barrel on ICE Futures Europe. Brent had fallen to a low of $70.42 a barrel before rising to a higher settlement.

The steady finish in prices came after OPEC+ decided to stay with the policy announced in July of phasing out record output cuts by adding 400,l000 barrels a day a month to the market.

It also proved to be a steady day for most Oklahoma energy stocks. NGL Energy Partners had the biggest fall of the day at nearly 7%.

Alliance Resource Partners, L.P.
NASDAQ: ARLP

8.66 USD 0.00 (0.00%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.23 USD −0.050 (1.52%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

56.61 USD +0.80 (1.43%)

Cimarex Energy Co
NYSE: XEC

65.57 USD +1.35 (2.10%)

Continental Resources, Inc.
NYSE: CLR

38.44 USD −0.84 (2.14%)

 Cypress Environmental Partners LP
NYSE: CELP

1.64 USD +0.020 (1.23%)

Devon Energy Corp
NYSE: DVN

28.24 USD −1.31 (4.43%)

 Enable Midstream Partners LP
NYSE: ENBL

7.90 USD +0.16 (2.07%)

Gulfport Energy Corp
NYSE: GPOR

67.94 USD +1.08 (1.62%)

Helmerich & Payne, Inc.
NYSE: HP

27.00 USD +0.080 (0.30%)

LSB Industries, Inc.
NYSE: LXU

8.15 USD −0.040 (0.49%)

 Laredo Petroleum Inc
NYSE: LPI

53.91 USD −0.12 (0.22%)

Magellan Midstream Partners, L.P.
NYSE: MMP

49.84 USD +0.63 (1.28%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.50 USD +0.0100 (0.29%)

 Matrix Service Co
NASDAQ: MTRX

11.29 USD +0.010 (0.089%)

NGL Energy Partners LP
NYSE: NGL

1.67 USD −0.12 (6.70%)

OGE Energy Corp.
NYSE: OGE

35.73 USD +0.33 (0.93%

ONE Gas Inc
NYSE: OGS

72.80 USD +1.01 (1.41%)

ONEOK, Inc.
NYSE: OKE

52.08 USD −0.44 (0.84%)

Ovintiv Inc
NYSE: OVV

27.34 USD +0.085 (0.31%)

PHX Minerals Inc
NYSE: PHX

2.46 USD −0.080 (3.15%)

SandRidge Energy Inc.
NYSE: SD

9.07 USD +0.17 (1.91%)

Units Ord Shs
OTCMKTS: UNTC

22.00 USD 0.00 (0.00%)

Williams Companies Inc
NYSE: WMB

24.65 USD −0.040 (0.16%)

Oil prices rise after big draw in U.S. crude, gasoline stocks | Reuters

Some major energy stocks took a hit according to the Texas Energy Report.

Cabot Oil & Gas (COG) up 0.37 at 16.26 – change 2.32%

Chevron (CVX) down 1.06 at 95.71 – change 1.10%

ConocoPhillips (COP) down 0.88 at 54.65 – change 1.59%

Diamondback Energy (FANG) down 2.98 at 74.16 – change 3.87%

Energy Transfer LP (ET) up 0.14 at 9.44 – change 1.50%

Enterprise Products Partners (EPD) up 0.22 at 22.48 – change 0.98%

EOG Resources (EOG) down 1.16 at 66.36 – change 1.62%

ExxonMobil (XOM) down 0.75 at 53.77 – change 1.38%

Kinder Morgan (KMI) down 0.11 at 16.16 – change 0.68%

Marathon Oil Corp. (MRO) down 0.49 at 11.26 – change 4.18%

National Oilwell Varco (NOV) down 0.21 at 12.96 – change 1.60%

Occidental Petroleum (OXY) down 0.61 at 25.08 – change 2.38%

Phillips 66 (PSX) down 1.88 at 69.20 – change 2.65%

Pioneer Natural Resources (PXD) down 1.75 at 147.91 – change 1.17%

Valero (VLO) down 2.36 at 63.95 – change 3.56%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.93 at 90.50 – change 1.03%

CenterPoint (CNP) up 0.42 at 25.51 – change 1.67%

Entergy (ETR) up 1.92 at 112.53 – change 1.73%

%d bloggers like this: