Crude prices couldn’t hang on to high levels

West Texas Oil Price Drops Below Zero Dollars as Coronavirus Results in Historic Demand Downturn | The Texan

Crude prices took a hit in Thursday’s trading falling more than $1 a barrel both in the US and in Europe and they took Oklahoma energy stocks with them in the downward slide.

West Texas Intermediate crude for December delivery dropped $1.37 to $82.50 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for December delivery fell $1.21 to $84.61 a barrel on ICE Futures Europe.

November natural gas fell 5 cents to $5.12 per 1,000 cubic feet.

The drop in crude oil also sent Oklahoma energy stocks down as well. PHX Minerals fell more than 6% while SandRidge Energy was down more than 5% and NGL Energy Partners was nearly the same.

Alliance Resource Partners, L.P.
NASDAQ: ARLP
11.30 USD −0.52 (4.40%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
3.29 USD −0.070 (2.08%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
61.43 USD −0.88 (1.41%)
Continental Resources, Inc.
NYSE: CLR
49.78 USD −1.59 (3.09%)
Coterra Energy Inc
NYSE: CTRA
20.78 USD −0.61 (2.85%)
 Devon Energy Corp
NYSE: DVN
39.70 USD −1.20 (2.95%)
Enable Midstream Partners LP
NYSE: ENBL
8.42 USD −0.26 (3.00%)
Gulfport Energy Corp
NYSE: GPOR
83.14 USD −0.86 (1.02%)
Helmerich & Payne, Inc.
NYSE: HP
34.24 USD −0.64 (1.83%)
LSB Industries, Inc.
NYSE: LXU
8.97 USD −0.20 (2.18%)
Laredo Petroleum Inc
NYSE: LPI
73.75 USD +0.43 (0.59%)
Magellan Midstream Partners, L.P.
NYSE: MMP
51.31 USD +0.90 (1.79%)
Mammoth Energy Services Inc
NASDAQ: TUSK
3.32 USD −0.0100 (0.30%)
Matrix Service Co
NASDAQ: MTRX
10.34 USD −0.20 (1.90%)
 NGL Energy Partners LP
NYSE: NGL
2.68 USD −0.14 (4.96%)
OGE Energy Corp.
NYSE: OGE
33.80 USD −0.24 (0.71%)
ONE Gas Inc
NYSE: OGS
67.52 USD −0.61 (0.90%)
ONEOK, Inc.
NYSE: OKE
64.31 USD −0.81 (1.24%)
Ovintiv Inc
NYSE: OVV
38.39 USD −1.45 (3.64%)
PHX Minerals Inc
NYSE: PHX
3.26 USD −0.22 (6.32%)
SandRidge Energy Inc.
NYSE: SD
11.48 USD −0.64 (5.28%)
Units Ord Shs
OTCMKTS: UNTC
34.00 USD −0.25 (0.73%)
Williams Companies Inc
28.52 USD−0.64 (2.19%)
Fuel demand: Oil prices drop for fourth day as COVID-19 second wave worries intensify, Energy News, ET EnergyWorld
 Other energy stocks reported losses including Kinder Morgan with a more than 6% drop according to the Texas Energy Report.

Apache (APA) down 0.38 at 27.01 – change 1.38%

Cheniere (LNG) up 1.75 at 105.90 – change 1.68%

Chevron (CVX) down 1.42 at 111.74 – change 1.26%

ConocoPhillips (COP) down 1.43 at 74.59 – change 1.89%

Diamondback Energy (FANG) down 2.23 at 108.93 – change 2.00%

Energy Transfer LP (ET) down 0.30 at 9.89 – change 2.95%

Enterprise Products Partners (EPD) down 0.29 at 24.40 – change 1.18%

EOG Resources (EOG) down 2.21 at 90.90 – change 2.37%

ExxonMobil (XOM) down 1.16 at 62.69 – change 1.82%

Kinder Morgan (KMI) down 1.13 at 17.53 – change 6.01%

Marathon Oil Corp. (MRO) down 0.31 at 16.18 – change 1.88%

National Oilwell Varco (NOV) down 0.75 at 14.75 – change 4.84%

Occidental Petroleum (OXY) down 0.57 at 32.79 – change 1.68%

Phillips 66 (PSX) down 0.59 at 82.73 – change 0.71%

Pioneer Natural Resources (PXD) down 3.37 at 188.68 – change 1.76%

Valero (VLO) up 0.96 at 82.00 – change 1.18%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.30 at 85.20 – change 0.35%

CenterPoint (CNP) down 0.12 at 26.51 – change 0.46%

Entergy (ETR) down 0.13 at 103.92 – change 0.13%