COVID-19 worries cause slip in oil prices

Why crude oil prices keep falling and falling, in one simple chart - Vox

 

Crude oil prices slipped on Monday due tor worldwide concerns that vaccines might not be effective against the Omicron variant of the coronavirus. Most Oklahoma energy stocks recorded losses for the day.

West Texas Intermediate crude for January delivery fell 38 cents or 0.53% to settle at $71.29 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for February delivery declined 76 cents or more than 1% and closed at $74.39 on ICE Futures Europe.

January natural gas fell 14 cents to $3.79 per 1,000  cubic feet.

While crude oil and natural gas prices fell, so did many Oklahoma energy stocks with an 8% loss recorded by Mammoth Energy, a 7% drop for Laredo Petroleum and 6% decline for LSB Industries.

Others did not do well for the day.

 Alliance Resource Partners, L.P.
10.13 USD−0.010 (0.099%)
Blueknight Energy Partners LP Common Stock
3.29 USD+0.050 (1.54%)
Chesapeake Energy Ord Shs
61.91 USD−1.89 (2.96%)
Continental Resources, Inc.
44.01 USD−1.91 (4.16%)
Coterra Energy Inc
20.46 USD−0.45 (2.15%)
Cypress Environmental Partners LP
1.12 USD−0.050 (4.27%)
Devon Energy Corp
41.06 USD−2.36 (5.44%)
Gulfport Energy Corp
66.55 USD−0.63 (0.94%)
Helmerich & Payne, Inc.
23.64 USD−1.23 (4.95%)
LSB Industries, Inc.
8.77 USD−0.60 (6.40%)
Laredo Petroleum Inc
64.74 USD−4.95 (7.10%)
Magellan Midstream Partners, L.P.
45.16 USD−0.34 (0.75%)
Mammoth Energy Services Inc
1.87 USD−0.17 (8.33%)
Matrix Service Co
7.97 USD−0.47 (5.57%)
NGL Energy Partners LP
1.99 USD−0.040 (1.97%)
OGE Energy Corp.
36.33 USD+0.40 (1.11%)
ONE Gas Inc
73.18 USD+0.67 (0.92%)
ONEOK, Inc.
60.20 USD−1.80 (2.90%)
Ovintiv Inc
32.75 USD−1.89 (5.46%)
PHX Minerals Inc
2.58 USD−0.070 (2.64%)
SandRidge Energy Inc.
10.07 USD−0.29 (2.80%)
Units Ord Shs
31.30 USD−1.50 (4.57%)
 Williams Companies Inc
26.24 USD−0.40 (1.48%)

Oil and energy price crash from Coronavirus COVID-19 pandemic crisis concept, uncertainty unstable businessman falling down and trying to stand on stack of crude oil gallon with virus pathogen impact. 2167641 Vector

The Texas Energy Report showed other energy stocks suffered losses too including 5% declines for Apache, Marathon Oil and Occidental Petroleum.

 

Apache (APA) down 1.39 at 25.28 – change 5.22%

Cheniere (LNG) down 0.69 at 102.35 – change 0.67%

Chevron (CVX) down 2.46 at 115.88 – change 2.08%

ConocoPhillips (COP) down 2.48 at 71.02 – change 3.37%

Diamondback Energy (FANG) down 4.57 at 106.61 – change 4.12%

Energy Transfer LP (ET) down 0.25 at 8.23 – change 2.95%

Enterprise Products Partners (EPD) down 0.31 at 21.10 – change 1.45%

EOG Resources (EOG) down 1.65 at 88.03 – change 1.84%

ExxonMobil (XOM) down 1.38 at 61.63 – change 2.20%

Kinder Morgan (KMI) down 0.23 at 15.93 – change 1.43%

Marathon Oil Corp. (MRO) down 0.83 at 15.39 – change 5.12%

National Oilwell Varco (NOV) down 0.60 at 13.07 – change 4.39%

Occidental Petroleum (OXY) down 1.54 at 29.23 – change 5.01%

Phillips 66 (PSX) down 2.88 at 69.64 – change 3.98%

Pioneer Natural Resources (PXD) down 5.37 at 178.88 – change 2.92%

Valero (VLO) down 2.63 at 68.22 – change 3.72%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.99 at 84.98 – change 1.17%

CenterPoint (CNP) up 0.13 at 28.00 – change 0.46%

Entergy (ETR) up 0.47 at 107.88 – change 0.43%