Crude oil prices on Monday suffered their biggest one-day loss since September 2020 as analysts blamed the growing spread of COVID as well as the OPEC+ deal for increased production.
Oklahoma energy stocks bled freely.
West Texas Intermediate crude for August delivery, which last week had been in the $74 and $75 a barrel range plunged $5.39 to settle Monday at $66.42.
Global benchmark Brent crude oil for September delivery dropped $4.97 a barrel to finish at $68.62 on ICE Futures Europe.
Crude oil’s big drop also dragged Oklahoma energy stocks down the slide with many experiencing 4 and 5% losses. But take a look below and you’ll find that some like Cypress Environmental suffered a more than 11% loss, Laredo Petroleum about 8% and Gulfport about 7%.
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Cabot Oil & Gas (COG) down 0.52 at 15.64 – change 3.22%
Chevron (CVX) down 2.66 at 95.96 – change 2.70%
ConocoPhillips (COP) down 1.80 at 53.70 – change 3.25%
Diamondback Energy (FANG) down 5.17 at 73.19 – change 6.60%
Energy Transfer LP (ET) down 0.37 at 9.31 – change 3.83%
Enterprise Products Partners (EPD) down 0.70 at 23.20 – change 2.93%
EOG Resources (EOG) down 3.57 at 70.34 – change 4.84%
ExxonMobil (XOM) down 1.98 at 55.34 – change 3.44%
Kinder Morgan (KMI) down 0.46 at 17.18 – change 2.61%
Marathon Oil Corp. (MRO) down 0.63 at 11.12 – change 5.37%
National Oilwell Varco (NOV) down 0.38 at 13.24 – change 2.80%
Occidental Petroleum (OXY) down 1.13 at 24.82 – change 4.32%
Phillips 66 (PSX) down 3.93 at 70.55 – change 5.28%
Pioneer Natural Resources (PXD) down 4.28 at 136.66 – change 3.04%
Valero (VLO) down 2.96 at 61.92 – change 4.57%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.72 at 85.77 – change 1.97%
CenterPoint (CNP) down 0.72 at 24.87 – change 2.82%
Entergy (ETR) down 3.11 at 101.61 – change 2.97%
