OK energy stocks and crude oil suffered in Thursday’s trading

Inflation warning sends crude oil prices falling – Oklahoma Energy Today

 

Oklahoma energy stocks took it on the chin a second straight day in Thursday’s trading as some suffered 10% losses while oil prices dropped by nearly $2 a barrel.

It came after Fed chairman Jerome Powell continued talking about U.S. interest rates and the need to raise them in order to do something about inflation.

West Texas Intermediate crude for August delivery dropped $1.92 to $104.27 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for August delivery closed down $1.69 at $110.05 a barrel on ICE Futures Europe.

July natural gas fell 62 cents to $6.24 per 1,000 cubic feet.

The impact was stinging for Oklahoma energy stocks with PHX Minerals dropping more than 10% for the day while others such as Chesapeake Energy,  Gulfport Energy, and Mammoth Energy suffered 7 to 8% losses.

 

Alliance Resource Partners, L.P.
17.18 USD−0.14 (0.81%)
Blueknight Energy Partners LP Common Stock
4.50 USD0.00 (0.00%)
Chesapeake Energy Ord Shs
76.34 USD−6.45 (7.79%)
Continental Resources, Inc.
64.22 USD−0.87 (1.34%)
Coterra Energy Inc
25.90 USD−1.13 (4.18%)
Devon Energy Corp
54.74 USD−2.77 (4.82%)
Gulfport Energy Corp
79.26 USD−6.48 (7.56%)
Helmerich & Payne, Inc.
38.33 USD−0.74 (1.89%)
LSB Industries, Inc.
13.23 USD−1.99 (13.07%)
Laredo Petroleum Inc
74.27 USD−4.86 (6.14%)
Magellan Midstream Partners, L.P.
47.39 USD−0.41 (0.86%)
Mammoth Energy Services Inc
2.05 USD−0.17 (7.66%)
Matrix Service Co
5.31 USD−0.23 (4.15%)
NGL Energy Partners LP
1.54 USD−0.055 (3.45%)
OGE Energy Corp.
36.80 USD+0.87 (2.42%)
ONE Gas Inc
78.19 USD−0.19 (0.24%)
ONEOK, Inc.
53.31 USD−0.51 (0.95%)
Ovintiv Inc
42.90 USD−3.11 (6.76%)
PHX Minerals Inc
3.05 USD−0.35 (10.29%)
SandRidge Energy Inc.
16.87 USD−1.12 (6.23%)
Unit Corp
47.00 USD−1.90 (3.89%)
Williams Companies Inc
30.41 USD−0.16 (0.52%)
Oil Prices Down From 8-Week High as Rising COVID-19 Cases In India Weakens Rally
 Losses outweighed gains for other energy stocks according to the Texas Energy Report.
 

Apache (APA) down 1.29 at 36.21 – change 3.44%

Cheniere (LNG) down 1.69 at 125.15 – change 1.34%

Chevron (CVX) down 5.44 at 142.43 – change 3.68%

ConocoPhillips (COP) down 5.17 at 87.89 – change 5.56%

Diamondback Energy (FANG) down 6.86 at 119.24 – change 5.45%

Energy Transfer LP (ET) down 0.21 at 9.78 – change 2.10%

Enterprise Products Partners (EPD) down 0.49 at 23.60 – change 2.04%

EOG Resources (EOG) down 3.60 at 107.17 – change 3.25%

ExxonMobil (XOM) down 2.65 at 85.21 – change 3.02%

Kinder Morgan (KMI) down 0.10 at 16.23 – change 0.62%

Marathon Oil Corp. (MRO) down 1.08 at 22.02 – change 4.68%

National Oilwell Varco (NOV) down 0.86 at 15.60 – change 5.23%

Occidental Petroleum (OXY) up 0.32 at 56.09 – change 0.57%

Phillips 66 (PSX) down 6.12 at 84.39 – change 6.77%

Pioneer Natural Resources (PXD) down 5.14 at 223.67 – change 2.25%

Tellurian Inc. (TELL) down 0.11 at 2.93 – change 3.62%

Valero (VLO) down 8.60 at 104.53 – change 7.61%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 2.10 at 92.41 – change 2.32%

CenterPoint (CNP) up 0.45 at 28.25 – change 1.61%

Entergy (ETR) up 1.28 at 105.91 – change 1.22%

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