Crude oil dropped Friday while OK energy stocks held their ground

Bad day on Wall Street

 

After a Thursday rebound, crude oil prices plunged nearly 2% on Friday, leaving investors hopeful of a rebound on Monday’s round of trading. Oklahoma energy stocks made only moderate gains for the most part.

Analysts blamed the Friday drop on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term. At the same time, investors still worried about the recession that might have weakened the demand outlook.

West Texas Intermediate crude for September delivery dropped $2.25 or nearly 3% to settle at $92.09 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for October delivery fell $1.45 or about 2% to close at $98.15 a barrel on ICE Futures Europe.

September natural gas fell 10 cents or 1.15% to $8.77 per 1,000 cubic feet.

Friday wasn’t the best of trading days for Oklahoma energy stocks although a few made some gains including Empire Petroleum at a 5% improvement. Others either had minor losses or gains of 1% to 2%.

Alliance Resource Partners, L.P.
22.77 USD−0.50 (2.15%)
Blueknight Energy Partners LP Common Stock
4.64 USD0.00 (0.00%)
Chesapeake Energy Ord Shs
98.21 USD+0.90 (0.92%)
Continental Resources, Inc.
68.61 USD+0.040 (0.058%)
Coterra Energy Inc
28.66 USD−0.67 (2.28%)
Devon Energy Corp
65.55 USD+1.09 (1.69%)
Empire Petroleum Corporation
14.75 USD+0.72 (5.13%)
Gulfport Energy Corp
89.75 USD+2.12 (2.42%)
Helmerich & Payne, Inc.
44.28 USD+0.77 (1.77%)
LSB Industries, Inc.
13.63 USD+0.44 (3.34%)
Laredo Petroleum Inc
68.71 USD−0.17 (0.25%)
Magellan Midstream Partners, L.P.
51.64 USD+0.81 (1.59%)
Mammoth Energy Services Inc
3.98 USD+0.13 (3.38%)
Matrix Service Co
5.84 USD+0.070 (1.21%)
NGL Energy Partners LP
1.68 USD−0.020 (1.18%)
OGE Energy Corp.
41.96 USD+0.86 (2.09%)
ONE Gas Inc
82.61 USD+1.32 (1.62%)
ONEOK, Inc.
64.35 USD−0.61 (0.94%)
Ovintiv Inc
50.89 USD−0.21 (0.41%)
PHX Minerals Inc
3.38 USD−0.030 (0.88%)
SandRidge Energy Inc.
19.25 USD+0.40 (2.12%)
Unit Corp
60.00 USD0.00 (0.00%)
Williams Companies Inc
34.16 USD+0.22 (0.65%)
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 Other energy stocks had the same kind of day in Friday’s trading according to the Texas Energy Report.

Apache (APA) down 0.15 at 34.70 – change 0.41%

Cheniere (LNG) up 3.92 at 158.69 – change 2.53%

Chevron (CVX) up 0.23 at 159.85 – change 0.14%

ConocoPhillips (COP) up 2.39 at 102.75 – change 2.38%

Diamondback Energy (FANG) up 0.35 at 133.13 – change 0.26%

Energy Transfer LP (ET) up 0.18 at 11.67 – change 1.56%

Enterprise Products Partners (EPD) up 0.31 at 27.15 – change 1.15%

EOG Resources (EOG) up 0.95 at 114.49 – change 0.83%

ExxonMobil (XOM) up 0.81 at 94.00 – change 0.86%

Kinder Morgan (KMI) up 0.10 at 18.69 – change 0.53%

Marathon Oil Corp. (MRO) up 0.15 at 24.06 – change 0.62%

National Oilwell Varco (NOV) up 0.19 at 18.62 – change 1.03%

Occidental Petroleum (OXY) up 0.04 at 65.73 – change 0.06%

Phillips 66 (PSX) up 1.67 at 90.00 – change 1.89%

Pioneer Natural Resources (PXD) up 4.47 at 232.95 – change 1.95%

Tellurian Inc. (TELL) up 0.10 at 4.13 – change 2.48%

Valero (VLO) up 1.10 at 115.19 – change 0.96%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 2.58 at 103.78 – change 2.54%

CenterPoint (CNP) up 0.59 at 32.50 – change 1.84%

Entergy (ETR) up 2.23 at 121.01 – change 1.87%

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