Crude oil prices slip in US and remain steady in Europe

Stalled demand and lack of Covid-19 vaccine may delay oil price recovery above $50 until 2021 - Oil & Gas Middle East

 

While the world’s leaders talked global climate change in Glasbow, Scotland, crude oil prices dropped in the US and barely managed to hold even in Europe. Oklahoma energy stocks struggled during the day.

West Texas Intermediate crude for December delivery dropped 14 cents or 0.17% to $83.91 a barrel. Global benchmark Brent crude for January delivery went up 1 cent to $84.72 a barrel on ICE Futures Europe.

Natural gas up 0.36 at $5.54 – change 6.86%

But December natural gas rose 35 cents or 6.86% to $5.54 per 1,000 cubic feet, as many Oklahomans might have touched the thermostat to warm up the house on a cold November day.

Turned out to be a day of losses for most Oklahoma energy stocks with the exception of Mammoth Energy Services. It soared more than 11% for the day.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP
11.23 USD −0.49 (4.18%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
3.32 USD +0.040 (1.22%
Chesapeake Energy Ord Shs
NASDAQ: CHK
65.37 USD −0.42 (0.64%)
Continental Resources, Inc.
NYSE: CLR
49.69 USD −0.060 (0.12%)
Coterra Energy Inc
NYSE: CTRA
21.45 USD −0.14 (0.65%)
Cypress Environmental Partners LP
NYSE: CELP
1.62 USD −0.020 (1.22%)
Devon Energy Corp
NYSE: DVN
41.98 USD −0.010 (0.024%)
Enable Midstream Partners LP
NYSE: ENBL
8.42 USD −0.050 (0.59%)
Gulfport Energy Corp
NYSE: GPOR
82.50 USD +0.15 (0.18%)
Helmerich & Payne, Inc.
NYSE: HP
32.59 USD +0.24 (0.74%)
LSB Industries, Inc.
NYSE: LXU
8.69 USD −0.96 (9.95%)
Laredo Petroleum Inc
NYSE: LPI
73.95 USD −1.53 (2.03%)
Magellan Midstream Partners, L.P.
NYSE: MMP
50.84 USD +1.09 (2.19%)
Mammoth Energy Services Inc
NASDAQ: TUSK
3.87 USD +0.39 (11.21%)
Matrix Service Co
NASDAQ: MTRX
10.40 USD −0.12 (1.14%)
NGL Energy Partners LP
NYSE: NGL
2.22 USD −0.13 (5.53%)
OGE Energy Corp.
NYSE: OGE
34.48 USD −0.19 (0.55%)
ONE Gas Inc
NYSE: OGS
68.65 USD −0.75 (1.08%)
ONEOK, Inc.
NYSE: OKE
64.07 USD −0.070 (0.11%)
Ovintiv Inc
NYSE: OVV
37.92 USD −0.40 (1.04%)
PHX Minerals Inc
NYSE: PHX
3.10 USD 0.00 (0.00%)
SandRidge Energy Inc.
NYSE: SD
13.12 USD −0.41 (3.03%)
Units Ord Shs
OTCMKTS: UNTC
34.10 USD −0.19 (0.55%)
Williams Companies Inc
NYSE: WMB
28.39 USD −0.15 (0.53%)
Oil prices are tumbling. Volatility aside, expect them to stay low over the next 20 years.

The Texas Energy Report shows how other energy stocks performed.

Apache (APA) up 0.12 at 27.29 – change 0.44%

Cheniere (LNG) up 0.56 at 105.57 – change 0.53%

Chevron (CVX) down 0.70 at 113.83 – change 0.62%

ConocoPhillips (COP) down 1.56 at 73.03 – change 2.10%

Diamondback Energy (FANG) up 2.84 at 114.45 – change 2.54%

Energy Transfer LP (ET) down 0.10 at 9.83 – change 1.01%

Enterprise Products Partners (EPD) down 0.61 at 22.19 – change 2.68%

EOG Resources (EOG) down 0.64 at 92.82 – change 0.69%

ExxonMobil (XOM) down 0.81 at 64.81 – change 1.24%

Kinder Morgan (KMI) down 0.09 at 16.96 – change 0.53%

Marathon Oil Corp. (MRO) down 0.11 at 16.92 – change 0.65%

National Oilwell Varco (NOV) up 0.07 at 14.45 – change 0.48%

Occidental Petroleum (OXY) down 0.45 at 34.36 – change 1.30%

Phillips 66 (PSX) down 0.59 at 77.55 – change 0.76%

Pioneer Natural Resources (PXD) down 0.15 at 189.74 – change 0.08%

Valero (VLO) down 2.16 at 75.86 – change 2.77%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.17 at 85.30 – change 0.19%

CenterPoint (CNP) down 0.10 at 26.19 – change 0.39%

Entergy (ETR) up 0.31 at 103.80 – change 0.29%