US crude inches closer to $90 but Oklahoma energy stocks aren’t helped

Oil prices up over Saudi output cut, vaccine hopes

 

Crude prices in the U.S. made a push closer to the $90 mark on Wednesday. But it didn’t do much to help Oklahoma energy stocks as most recorded losses for the day.

West Texas Intermediate crude for February delivery reached $86.96 a barrel after a $1.53 or 1.79% increase in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for March delivery managed a 93-cent increase to finish at $88.44 on ICE Futures Europe.

February natural gas fell 25 cents or nearly 6% to $4.03 per 1,000 cubic feet.

The increased crude oil prices didn’t do much to boost Oklahoma energy stocks as only three firms recorded gains in Wednesday’s trading. Blueknight Energy Partners had a more than 4% increase for the day while 5% losses were recorded by LSB Industries and Mammoth Energy Services.

 

Alliance Resource Partners, L.P.
14.54 USD−0.040 (0.27%)
Blueknight Energy Partners LP Common Stock
3.63 USD+0.15 (4.38%)
Chesapeake Energy Ord Shs
67.53 USD−1.94 (2.79%)
Continental Resources, Inc.
51.84 USD−0.30 (0.58%)
Coterra Energy Inc
20.88 USD−0.94 (4.31%)
Cypress Environmental Partners LP
1.10 USD−0.020 (1.79%)
Devon Energy Corp
48.93 USD−1.43 (2.84%)
Gulfport Energy Corp
74.21 USD−0.30 (0.40%)
Helmerich & Payne, Inc.
28.86 USD−0.46 (1.57%)
LSB Industries, Inc.
10.35 USD−0.53 (4.87%)
Laredo Petroleum Inc
69.37 USD−2.21 (3.09%)
Magellan Midstream Partners, L.P.
48.65 USD−0.43 (0.88%)
Mammoth Energy Services Inc
1.85 USD−0.095 (4.88%)
Matrix Service Co
7.79 USD−0.010 (0.13%)
NGL Energy Partners LP
2.17 USD−0.040 (1.81%)
OGE Energy Corp.
37.76 USD+0.030 (0.080%)
ONE Gas Inc
79.64 USD−0.57 (0.71%)
ONEOK, Inc.
60.21 USD−1.21 (1.97%)
Ovintiv Inc
39.24 USD−0.090 (0.23%)
PHX Minerals Inc
2.57 USD−0.060 (2.28%)
SandRidge Energy Inc.
10.46 USD−0.36 (3.33%)
Units Ord Shs
34.00 USD+0.35 (1.04%)
Williams Companies Inc
29.03 USD−0.56 (1.89%)
Double Dip Price Increase on Finished Lubricants
Other energy stocks followed suit with Cheniere Energy losing nearly 4%.

Apache (APA) down 0.59 at 32.38 – change 1.79%

Cheniere (LNG) down 3.99 at 108.33 – change 3.56%

Chevron (CVX) down 0.47 at 128.91 – change 0.37%

ConocoPhillips (COP) down 0.23 at 87.28 – change 0.27%

Diamondback Energy (FANG) down 0.23 at 125.71 – change 0.19%

Energy Transfer LP (ET) down 0.11 at 9.59 – change 1.14%

Enterprise Products Partners (EPD) down 0.01 at 24.12 – change 0.05%

EOG Resources (EOG) down 0.54 at 105.13 – change 0.52%

ExxonMobil (XOM) up 0.03 at 73.11 – change 0.04%

Kinder Morgan (KMI) down 0.27 at 17.43 – change 1.53%

Marathon Oil Corp. (MRO) down 0.33 at 19.10 – change 1.70%

National Oilwell Varco (NOV) down 0.09 at 16.21 – change 0.56%

Occidental Petroleum (OXY) down 0.20 at 35.83 – change 0.56%

Phillips 66 (PSX) down 1.42 at 87.24 – change 1.61%

Pioneer Natural Resources (PXD) up 2.97 at 219.06 – change 1.37%

Valero (VLO) down 1.43 at 84.21 – change 1.67%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.02 at 90.30 – change 0.03%

CenterPoint (CNP) up 0.01 at 27.35 – change 0.03%

Entergy (ETR) up 0.51 at 110.35 – change 0.46%