All it took was a comment from U.S. Energy Secretary Jennifer Granholm to say the Biden administration has not ruled out a ban on petroleum exports and oil futures fell in the U.S. while managing a slight increase in Europe.
West Texas Intermediate crude for July delivery dropped 52 cents or 0.5% after Granholm’s comments, settling at $109.77 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude, also for July delivery, went up 14 cents and closed at $113.56 a barrel on ICE Futures Europe.
June natural gas rose 6 cents to $8.80 per 1,000 cubic feet.
Granholm made her comments while talking with reporters in Louisiana who asked her if the administration was considering restrictions on petroleum exports, a move to put a lid on gasoline and diesel prices.
Apache (APA) down 0.53 at 43.62 – change 1.21%
Cheniere (LNG) down 0.62 at 130.49 – change 0.48%
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ConocoPhillips (COP) up 0.46 at 109.48 – change 0.42%
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Energy Transfer LP (ET) down 0.10 at 11.17 – change 0.89%
Enterprise Products Partners (EPD) up 0.01 at 26.80 – change 0.03%
EOG Resources (EOG) up 1.18 at 129.25 – change 0.92%
ExxonMobil (XOM) up 0.51 at 94.40 – change 0.54%
Kinder Morgan (KMI) down 0.02 at 19.14 – change 0.11%
Marathon Oil Corp. (MRO) down 0.05 at 28.08 – change 0.18%
National Oilwell Varco (NOV) up 0.31 at 19.12 – change 1.64%
Occidental Petroleum (OXY) down 0.35 at 65.06 – change 0.54%
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Pioneer Natural Resources (PXD) down 0.75 at 271.25 – change 0.28%
Tellurian Inc. (TELL) down 0.21 at 4.45 – change 4.51%
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CLOSING TOP UTILITY STOCKS
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