Crude oil prices across the U.S. and the world dropped 11% in Wednesday’s trading after the United Arab Emirates indicated it would support increasing output amidst Russia’s invasion of Ukraine.
West Texas Intermediate crude for April delivery plunged $15 to $108.70 a barrel on the New York Mercantile Exchange. Over the weekend, WTI prices had soared to $130 a barrel.
Global benchmark Brent crude for May delivery tumbled $16.84 and settled at $111.14 a barrel on ICE Futures Europe.
Apache (APA) up 0.07 at 38.70 – change 0.18%
Cheniere (LNG) down 0.20 at 134.02 – change 0.15%
Chevron (CVX) down 4.26 at 166.27 – change 2.50%
ConocoPhillips (COP) down 4.20 at 96.21 – change 2.63%
Diamondback Energy (FANG) down 4.39 at 130.05 – change 3.27%
Energy Transfer LP (ET) down 0.24 at 10.18 – change 2.31%
Enterprise Products Partners (EPD) down 0.36 at 25.18 – change 1.41%
EOG Resources (EOG) down 4.04 at 113.77 – change 3.43%
ExxonMobil (XOM) down 4.99 at 82.79 – change 5.69%
Kinder Morgan (KMI) down 0.34 at 18.32 – change 1.83%
Marathon Oil Corp. (MRO) down 0.69 at 23.40 – change 2.87%
National Oilwell Varco (NOV) down 0.82 at 21.14 – change 3.74%
Occidental Petroleum (OXY) up 3.03 at 57.50 – change 5.56%
Phillips 66 (PSX) down 4.96 at 79.34 – change 5.87%
Pioneer Natural Resources (PXD) down 6.97 at 230.40 – change 2.94%
Valero (VLO) down 3.40 at 87.14 – change 3.76%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.24 at 95.01 – change 0.26%
CenterPoint (CNP) down 0.16 at 28.38 – change 0.57%
Entergy (ETR) down 1.41 at 107.98 – change 1.29%
