Crude oil and OK energy stocks investors nervous about OPEC+ meeting

Oil prices decline as US stocks drop less than expected

 

While crude oil prices in the U.S. dropped into the $70s on Friday, they also made their first weekly gain in more than a month. Oklahoma energy stocks finished mixed for the day.

Analysts are eager to see whether OPEC+ on Wednesday might agree to cut crude output.

West Texas Intermediate crude for November delivery dropped more than 2% or $1.74 to settle at $79.49 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for November delivery finished 53 cents down or just under 1% at $87.96 on ICE Futures Europe.

November natural gas fell 11 cents or less than 2% to $6.77 per 1,000 cubic feet.

 

TI down 1.74 at $79.49 – change 2.14%

Brent down 0.53 at $87.96 – change 0.60%

Natural gas down 0.11 at $6.77 – change 1.57%

Friday’s trading of Oklahoma energy stocks saw some firms with gains and some with losses. Mammoth Energy scored a nearly 9% pickup for the day.

 

Alliance Resource Partners, L.P.
22.90 USD−0.49 (2.09%)
Chesapeake Energy Ord Shs
94.21 USD+0.37 (0.39%)
Continental Resources, Inc.
66.81 USD+0.23 (0.35%)
Coterra Energy Inc
26.12 USD+0.15 (0.58%)
Devon Energy Corp
60.13 USD−0.84 (1.38%)
Empire Petroleum Corporation
13.15 USD−0.15 (1.13%)
Gulfport Energy Corp
88.29 USD+0.32 (0.36%)
Helmerich & Payne, Inc.
36.97 USD−0.56 (1.49%)
LSB Industries, Inc.
14.25 USD0.00 (0.00%)
Laredo Petroleum Inc
62.85 USD−0.24 (0.38%)
Magellan Midstream Partners, L.P.
47.51 USD−0.31 (0.65%)
Mammoth Energy Services Inc
3.41 USD+0.27 (8.60%)
Matrix Service Co
4.14 USD−0.040 (0.96%)
NGL Energy Partners LP
1.30 USD+0.0100 (0.78%)
OGE Energy Corp.
36.46 USD−0.96 (2.57%)
ONE Gas Inc
70.39 USD−1.76 (2.44%)
ONEOK, Inc.
51.24 USD−0.69 (1.33%)
Ovintiv Inc
46.00 USD+0.48 (1.05%)
PHX Minerals Inc
3.24 USD−0.015 (0.46%)
SandRidge Energy Inc.
16.31 USD−0.040 (0.24%)
Unit Corp
53.27 USD−0.73 (1.35%)
Williams Companies Inc
28.63 USD−0.34 (1.16%)
Oil Prices Drop Over 10% on Russia Oil Supply Disruption Amid Invasion

Other energy stocks had a mixed day in trading according to the Texas Energy Report.

Apache (APA) down 0.76 at 34.19 – change 2.18%

Cheniere (LNG) up 1.60 at 165.91 – change 0.97%

Chevron (CVX) down 1.11 at 143.66 – change 0.76%

ConocoPhillips (COP) down 1.32 at 102.34 – change 0.28%

Diamondback Energy (FANG) down 0.45 at 120.46 – change 0.38%

Energy Transfer LP (ET) up 0.06 at 11.03 – change 0.54%

Enterprise Products Partners (EPD) down 0.06 at 23.78 – change 0.26%

EOG Resources (EOG) down 1.24 at 111.73 – change 1.10%

ExxonMobil (XOM) down 1.37 at 87.31 – change 1.55%

Kinder Morgan (KMI) down 0.08 at 16.64 – change 0.48%

Marathon Oil Corp. (MRO) down 0.22 at 22.58 – change 0.97%

National Oilwell Varco (NOV) up 0.44 at 16.18 – change 2.79%

Occidental Petroleum (OXY) down 0.66 at 61.45 – change 1.07%

Phillips 66 (PSX) up 0.09 at 80.72 – change 0.11%

Pioneer Natural Resources (PXD) up 0.03 at 216.53 – change 0.01%

Tellurian Inc. (TELL) up 0.07 at 2.39 – change 3.01%

Valero (VLO) down 0.39 at 106.85 – change 0.37%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 2.62 at 86.45 – change 2.95%

CenterPoint (CNP) down 0.66 at 28.18 – change 2.29%

Entergy (ETR) down 2.00 at 100.63 – change 1.95%

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