Crude oil and OK energy stocks lost ground on Friday

Oil Prices Bearish as US Stimulus Agreement Slows | Business Post Nigeria

 

Friday saw crude oil prices fall again, slipping to the mid-90s in the U.S. The tumble was largely blamed on the move by the European Union to allow Russian state-owned companies to ship oil to third countries.

 

West Texas Intermediate crude for September delivery dropped $1.65 and settled at $94.70 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for September delivery slipped 66 cents to finish at $103.20 a barrel on ICE Futures Europe.

August natural gas rose 37 cents to $8.30 per 1,000 cubic feet.

Oklahoma energy stocks were mixed on Friday with many recording losses for the day including a 6% drop for Empire Petroleum.

 

Alliance Resource Partners, L.P.
19.89 USD−0.67 (3.26%)
Blueknight Energy Partners LP Common Stock
4.59 USD0.00 (0.00%)
Chesapeake Energy Ord Shs
89.75 USD−1.31 (1.44%)
Continental Resources, Inc.
63.47 USD−1.34 (2.07%)
Coterra Energy Inc
27.71 USD−0.35 (1.25%)
Devon Energy Corp
55.19 USD−1.01 (1.80%)
Empire Petroleum Corporation
9.65 USD−0.60 (5.85%)
Gulfport Energy Corp
83.58 USD−1.00 (1.18%)
Helmerich & Payne, Inc.
39.40 USD−0.40 (1.01%)
LSB Industries, Inc.
11.72 USD−0.52 (4.25%)
Laredo Petroleum Inc
74.11 USD−2.61 (3.40%)
Magellan Midstream Partners, L.P.
48.90 USD−0.74 (1.49%)
Mammoth Energy Services Inc
2.26 USD−0.040 (1.74%)
Matrix Service Co
5.29 USD−0.040 (0.75%)
NGL Energy Partners LP
1.44 USD−0.0100 (0.69%)
OGE Energy Corp.
38.56 USD+0.26 (0.68%)
ONE Gas Inc
80.30 USD+0.60 (0.75%)
ONEOK, Inc.
57.99 USD−0.41 (0.70%)
Ovintiv Inc
44.48 USD−1.02 (2.24%)
PHX Minerals Inc
2.95 USD−0.060 (1.99%)
SandRidge Energy Inc.
16.96 USD−0.43 (2.47%)
Unit Corp
54.02 USD+1.22 (2.31%)
Williams Companies Inc
32.34 USD−0.070 (0.22%)
2,377 Oil Price Down Stock Photos, Pictures & Royalty-Free Images - iStock
With the exception of utilities, other energy stocks recorded losses on Friday according to the Texas Energy Report.

Apache (APA) down 0.88 at 32.40 – change 2.65%

Cheniere (LNG) down 3.12 at 134.10 – change 2.28%

Chevron (CVX) down 1.21 at 144.19 – change 0.84%

ConocoPhillips (COP) down 0.80 at 88.13 – change 0.90%

Diamondback Energy (FANG) down 2.54 at 113.43 – change 2.20%

Energy Transfer LP (ET) down 0.11 at 10.25 – change 1.07%

Enterprise Products Partners (EPD) down 0.15 at 25.57 – change 0.55%

EOG Resources (EOG) down 2.56 at 101.00 – change 2.48%

ExxonMobil (XOM) down 0.67 at 87.08 – change 0.77%

Kinder Morgan (KMI) down 0.01 at 17.64 – change 0.06%

Marathon Oil Corp. (MRO) down 0.41 at 21.75 – change 1.86%

National Oilwell Varco (NOV) down 0.10 at 14.78 – change 0.68%

Occidental Petroleum (OXY) down 0.94 at 61.06 – change 1.52%

Phillips 66 (PSX) down 0.68 at 84.53 – change 0.80%

Pioneer Natural Resources (PXD) down 3.48 at 209.80 – change 1.64%

Tellurian Inc. (TELL) down 0.10 at 3.61 – change 2.70%

Valero (VLO) down 0.13 at 104.02 – change 0.13%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.56 at 94.35 – change 1.68%

CenterPoint (CNP) up 0.38 at 29.70 – change 1.29%

Entergy (ETR) up 1.41 at 109.37 – change 1.30%