Crude oil prices took a hit in Wednesday’s trading

Oil price: Crude oil prices fall as oversupply concerns weigh over US-Iran tensions, Energy News, ET EnergyWorld

 

Major drops in crude oil prices were recorded Wednesday as they fell to their lowest since October and Oklahoma energy stocks suffered as well.

It’s a sign of growing worries after OPEC and the International Energy Agency warned this week of a forthcoming oversupply. COVID-19 is still a stickler as the rising number of cases in Europe has only raised the downside risks to demand recovery.

West Texas Intermediate crude oil for December delivery fell $2.40 to $78.36 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for January delivery took a $2.15 slide to $80.28 per barrel on ICE Futures Europe.

Natural gas for December delivery also declined, falling 36 cents to $4.82 per 1,000 cubic feet.

Most Oklahoma energy stocks suffered losses for the day with only a few exceptions. Big losers for the day included Mammoth Energy at nearly 9%, PHX Minerals at 6% and SandRidge Energy at 5%.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP
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10.28 USD −0.23 (2.19%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
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3.32 USD −0.10 (2.92%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
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63.75 USD +1.46 (2.34%)
Continental Resources, Inc.
NYSE: CLR
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46.49 USD −1.02 (2.15%)
Coterra Energy Inc
NYSE: CTRA
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20.61 USD −0.36 (1.72%)
Cypress Environmental Partners LP
NYSE: CELP
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1.39 USD −0.033 (2.31%)
Devon Energy Corp
NYSE: DVN
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42.29 USD −1.14 (2.62%)
Enable Midstream Partners LP
NYSE: ENBL
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7.68 USD −0.20 (2.54%)
Gulfport Energy Corp
NYSE: GPOR
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80.60 USD −0.060 (0.074%)
Helmerich & Payne, Inc.
NYSE: HP
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31.32 USD −1.26 (3.87%)
LSB Industries, Inc.
NYSE: LXU
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10.15 USD −0.060 (0.59%)
Laredo Petroleum Inc
NYSE: LPI
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65.99 USD −3.57 (5.13%)
Magellan Midstream Partners, L.P.
NYSE: MMP
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48.17 USD −0.90 (1.83%)
Mammoth Energy Services Inc
NASDAQ: TUSK
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2.44 USD −0.23 (8.61%)
Matrix Service Co
NASDAQ: MTRX
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10.47 USD −0.43 (3.94%)
NGL Energy Partners LP
NYSE: NGL
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2.38 USD +0.020 (0.85%)
OGE Energy Corp.
NYSE: OGE
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34.84 USD +0.020 (0.057%)
ONE Gas Inc
NYSE: OGS
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68.19 USD +0.11 (0.16%)
ONEOK, Inc.
NYSE: OKE
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63.50 USD +0.34 (0.54%)
Ovintiv Inc
NYSE: OVV
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34.33 USD −1.50 (4.19%)
PHX Minerals Inc
NYSE: PHX
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2.76 USD −0.17 (5.80%)
SandRidge Energy Inc.
NYSE: SD
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13.06 USD −0.66 (4.81%)
Units Ord Shs
OTCMKTS: UNTC
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35.00 USD −1.40 (3.85%)
Williams Companies Inc
NYSE: WMB
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28.21 USD −0.010 (0.035%)
Wall Street edges lower, energy stocks fall - The Hindu BusinessLine
 Other energy stocks recorded losses too including a nearly 7% fall for Apache according to the Texas Energy Report.
Apache (APA) down 1.96 at 27.66 – change 6.62%

Cheniere (LNG) down 1.35 at 104.89 – change 1.28%

Chevron (CVX) down 0.52 at 115.42 – change 0.45%

ConocoPhillips (COP) down 0.67 at 71.97 – change 0.93%

Diamondback Energy (FANG) down 2.94 at 107.24 – change 2.67%

Energy Transfer LP (ET) down 0.26 at 8.98 – change 2.82%

Enterprise Products Partners (EPD) down 0.72 at 22.38 – change 3.12%

EOG Resources (EOG) down 1.82 at 90.08 – change 1.99%

ExxonMobil (XOM) down 0.71 at 64.31 – change 1.10%

Kinder Morgan (KMI) down 0.15 at 16.51 – change 0.91%

Marathon Oil Corp. (MRO) down 0.63 at 16.09 – change 3.77%

National Oilwell Varco (NOV) down 0.69 at 12.82 – change 5.11%

Occidental Petroleum (OXY) down 1.08 at 30.76 – change 3.40%

Phillips 66 (PSX) down 2.31 at 74.68 – change 3.01%

Pioneer Natural Resources (PXD) down 2.82 at 180.25 – change 1.55%

Valero (VLO) down 3.51 at 73.45 – change 4.57%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.68 at 83.24 – change 0.82%

CenterPoint (CNP) up 0.09 at 26.70 – change 0.33%

Entergy (ETR) up 0.46 at 105.78 – change 0.43%

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