Crude slipped again—so did OK energy stocks

  • February 8, 2022

Why crude oil prices keep falling and falling, in one simple chart - Vox

 

Another fall for crude oil prices both in the U.S. and in Europe. On the same day, losses outnumbered gains for Oklahoma energy stocks.

West Texas Intermediate crude for March delivery dropped $1.96 or 2.15% to $89.36 a barrel on Tuesday at the New York Mercantile Exchange.

Global benchmark Brent crude for April delivery dropped $1.91 to $90.78 a barrel.

March natural gas rose 2 cents to $4.25 per 1,000 cubic feet.

Losses led gainers for Oklahoma energy stocks.  Matrix Services led gainers with a nearly 3% increase for the day while Laredo Petroleum lost more than 6%.

Alliance Resource Partners, L.P.
13.35 USD−0.12 (0.89%)
Blueknight Energy Partners LP Common Stock
3.64 USD−0.15 (3.96%)
Chesapeake Energy Ord Shs
65.72 USD−1.07 (1.60%)
Continental Resources, Inc.
54.79 USD−2.32 (4.06%)
Coterra Energy Inc
22.39 USD−0.81 (3.49%)
Cypress Environmental Partners LP
0.88 USD−0.029 (3.22%)
Devon Energy Corp
51.19 USD−1.40 (2.66%)
Gulfport Energy Corp
64.70 USD−2.04 (3.06%)
Helmerich & Payne, Inc.
32.59 USD+0.25 (0.77%)
LSB Industries, Inc.
11.00 USD+0.55 (5.26%)
Laredo Petroleum Inc
62.24 USD−3.99 (6.02%)
Magellan Midstream Partners, L.P.
48.89 USD+0.24 (0.50%)
Mammoth Energy Services Inc
1.73 USD−0.0100 (0.57%)
Matrix Service Co
6.64 USD+0.19 (2.95%)
NGL Energy Partners LP
2.41 USD−0.015 (0.62%)
OGE Energy Corp.
37.78 USD+0.090 (0.24%)
ONE Gas Inc
76.71 USD+0.11 (0.14%)
ONEOK, Inc.
62.73 USD−0.53 (0.84%)
Ovintiv Inc
38.96 USD−1.47 (3.64%)
PHX Minerals Inc
2.10 USD−0.070 (3.23%)
SandRidge Energy Inc.
11.51 USD−0.62 (5.11%)
Units Ord Shs
51.25 USD−1.75 (3.30%)
Williams Companies Inc
30.41 USD−0.30 (0.98%)
Crude oil prices dip on oversupply concerns and stronger dollar - The Economic Times
 Welcome to the club—that’s what happened to other energy stocks according to the Texas Energy Report. They too suffered losses including 4% drops for Occidental Petroleum and Diamondback Energy.

Apache (APA) down 1.22 at 32.86 – change 3.58%

Cheniere (LNG) down 1.72 at 114.78 – change 1.48%

Chevron (CVX) down 2.11 at 136.44 – change 1.53%

ConocoPhillips (COP) down 1.61 at 91.33 – change 1.74%

Diamondback Energy (FANG) down 5.81 at 124.37 – change 4.47%

Energy Transfer LP (ET) up 0.04 at 9.97 – change 0.40%

Enterprise Products Partners (EPD) down 0.06 at 24.10 – change 0.25%

EOG Resources (EOG) down 3.16 at 111.53 – change 2.76%

ExxonMobil (XOM) down 2.13 at 80.26 – change 2.59%

Kinder Morgan (KMI) down 0.17 at 17.29 – change 0.98%

Marathon Oil Corp. (MRO) down 0.50 at 21.11 – change 2.32%

National Oilwell Varco (NOV) down 0.19 at 15.72 – change 1.20%

Occidental Petroleum (OXY) down 1.65 at 39.35 – change 4.03%

Phillips 66 (PSX) down 1.47 at 88.82 – change 1.63%

Pioneer Natural Resources (PXD) down 5.65 at 220.83 – change 2.50%

Valero (VLO) down 1.14 at 88.49 – change 1.28%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.39 at 90.20 – change 0.43%

CenterPoint (CNP) up 0.11 at 28.19 – change 0.39%

Entergy (ETR) up 0.32 at 109.98 – change 0.29%

Jerry Bohnen