A big tumble for crude oil prices on Wednesday as they plunged more than $3 a barrel in the U.S. reaching a four-week low as crude stocks rose more than expected and gasoline inventories hit a four-year low.
West Texas Intermediate crude for December delivery dropped $3.05 or 3.6% to $80.86 a barrel in trading on the New York Mercantile exchange.
Global benchmark Brent crude fell 3.2% or $2.73 to $81.99 a barrel on ICE Futures Europe.
They represented the biggest daily percentage declines for both benchmarks since early August and the lowest closes for Brent since Oct. 7 and WTI since Oct. 13.
December natural gas on the other hand went up 13 cents to $5.67 per 1,000 cubic feet.
How did the crude price fall affect Oklahoma energy stocks? It was a mixed reaction with Alliance Resource Partners gaining nearly 6% for one of the better advances for the day. But Continental Resources had a nearly 6% loss on the day it announced its third quarter earnings along with a major acquisition in the Permian Basin.
Apache (APA) up 0.34 at 27.63 – change 1.24%
Cheniere (LNG) up 0.07 at 105.64 – change 0.06%
Chevron (CVX) down 0.82 at 113.01 – change 0.73%
ConocoPhillips (COP) down 0.29 at 72.73 – change 0.40%
Diamondback Energy (FANG) down 2.64 at 111.81 – change 2.31%
Energy Transfer LP (ET) down 0.15 at 9.68 – change 1.53%
Enterprise Products Partners (EPD) up 0.06 at 22.25 – change 0.27%
EOG Resources (EOG) down 1.87 at 90.95 – change 2.02%
ExxonMobil (XOM) down 0.89 at 63.93 – change 1.38%
Kinder Morgan (KMI) down 0.11 at 16.85 – change 0.65%
Marathon Oil Corp. (MRO) down 0.43 at 16.48 – change 2.55%
National Oilwell Varco (NOV) up 0.11 at 14.56 – change 0.76%
Occidental Petroleum (OXY) down 0.51 at 33.85 – change 1.49%
Phillips 66 (PSX) up 1.39 at 78.94 – change 1.79%
Pioneer Natural Resources (PXD) up 0.09 at 189.83 – change 0.04%
Valero (VLO) up 0.02 at 75.88 – change 0.02%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.37 at 84.93 – change 0.44%
CenterPoint (CNP) up 0.10 at 26.29 – change 0.38%
Entergy (ETR) down 0.44 at 103.36 – change 0.43%
