Crude barely held own on Friday while OK energy stocks were weak

Risk ON/OFF: What Does That Mean And Market Overview

 

U.S. crude oil prices made a slight gain on Friday but prices still fell after a week of trading. Oklahoma energy stocks had a weak day in trading, just one day after recording some large gains.

The decline for the week came on worries that an economic slowdown might weaken demand for crude oil.

West Texas Intermediate crude for September delivery managed a 27 cent gain to $90.77 a barrel Friday on the New York Mercantile Exchange.

Global benchmark Brent crude for October delivery managed a 13-cent gain to finish the day at $96.72 a barrel on ICE Futures Europe.

September natural gas rose 15 cents to $9.34 per 1,000 cubic feet.

A day after an outstanding day of gains, Oklahoma energy stocks on Friday performed rather weakly with the exception of a 9% gain by Mammoth Energy. Others like Chesapeake Energy recorded losses for the day. Chesapeake had a 6% loss for the day.

 

Alliance Resource Partners, L.P.
24.26 USD+0.35 (1.46%)
Chesapeake Energy Ord Shs
96.33 USD−5.92 (5.79%)
Continental Resources, Inc.
69.57 USD−1.01 (1.43%)
Coterra Energy Inc
30.30 USD−0.28 (0.92%)
Devon Energy Corp
68.51 USD+0.59 (0.87%)
Empire Petroleum Corporation
14.83 USD−0.070 (0.47%)
Gulfport Energy Corp
96.96 USD−3.03 (3.03%)
Helmerich & Payne, Inc.
43.23 USD−0.77 (1.75%)
LSB Industries, Inc.
13.35 USD−0.59 (4.23%)
Laredo Petroleum Inc
73.36 USD−2.33 (3.08%)
Magellan Midstream Partners, L.P.
51.87 USD−0.63 (1.20%)
Mammoth Energy Services Inc
4.02 USD−0.39 (8.84%)
Matrix Service Co
5.50 USD−0.080 (1.43%)
NGL Energy Partners LP
1.60 USD−0.060 (3.61%)
OGE Energy Corp.
42.78 USD+0.060 (0.14%)
ONE Gas Inc
83.71 USD+0.29 (0.35%)
ONEOK, Inc.
63.95 USD−0.37 (0.58%)
Ovintiv Inc
49.55 USD−0.63 (1.26%)
PHX Minerals Inc
3.59 USD−0.12 (3.23%)
SandRidge Energy Inc.
20.51 USD−0.44 (2.10%)
Unit Corp
60.50 USD+0.50 (0.83%)
Williams Companies Inc
34.93 USD−0.31 (0.88%)
Adnoc seeks cost savings amid low oil prices due to Covid-19 pandemic
 Many other energy stocks suffered losses on Friday, although Occidental Petroleum recorded a nearly 10% gain according to the Texas Energy Report.

Apache (APA) down 0.35 at 36.15 – change 0.96%

Cheniere (LNG) down 1.71 at 165.85 – change 1.03%

Chevron (CVX) down 1.33 at 157.69 – change 0.84%

ConocoPhillips (COP) up 0.26 at 105.14 – change 0.24%

Diamondback Energy (FANG) up 0.32 at 130.38 – change 0.24%

Energy Transfer LP (ET) down 0.12 at 11.81 – change 1.01%

Enterprise Products Partners (EPD) down 0.33 at 26.98 – change 1.21%

EOG Resources (EOG) down 0.24 at 118.75 – change 0.21%

ExxonMobil (XOM) down 0.30 at 94.08 – change 0.32%

Kinder Morgan (KMI) down 0.21 at 18.72 – change 1.11%

Marathon Oil Corp. (MRO) down 0.15 at 24.46 – change 0.57%

National Oilwell Varco (NOV) up 0.05 at 17.91 – change 0.27%

Occidental Petroleum (OXY) up 6.41 at 71.29 – change 9.87%

Phillips 66 (PSX) down 0.25 at 88.44 – change 0.29%

Pioneer Natural Resources (PXD) up 0.19 at 242.00 – change 0.07%

Tellurian Inc. (TELL) down 0.29 at 4.40 – change 5.99%

Valero (VLO) down 0.24 at 118.55 – change 0.21%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.56 at 104.94 – change 0.54%

CenterPoint (CNP) up 0.06 at 32.65 – change 0.18%

Entergy (ETR) up 1.17 at 121.65 – change 0.97%

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