Concerns over sanctions against Russia result in crude price drop

bne IntelliNews - A guide to sanctions on Russia

 

Crude oil prices settled even lower in Thursday’s trading on growing concerns that more sanctions against Russia over its war with Ukraine won’t work. Add to that, the concerns of the new wave of COVID-19 that resulted in more lockdowns in China.

West Texas Intermediate crude fell 20 cents or 0.6% to finish at $96.03 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude dropped 49 cents or 0.5% and closed at $100.58 a barrel on ICE Futures Europe.

Thursday’s trading saw several Oklahoma energy stocks with large gains including LSB Industries at 12% and Laredo Petroleum with a more than 6% boost for the day.

 

Alliance Resource Partners, L.P.
15.31 USD+0.070 (0.46%)
Blueknight Energy Partners LP Common Stock
3.33 USD+0.080 (2.46%)
Chesapeake Energy Ord Shs
90.61 USD+0.58 (0.64%)
Continental Resources, Inc.
60.93 USD+1.43 (2.40%)
Coterra Energy Inc
26.79 USD+0.30 (1.11%)
Cypress Environmental Partners LP
1.38 USD+0.030 (2.22%)
Devon Energy Corp
60.23 USD+1.88 (3.22%)
Gulfport Energy Corp
87.00 USD+0.12 (0.14%)
Helmerich & Payne, Inc.
44.72 USD+0.090 (0.20%)
LSB Industries, Inc.
25.35 USD+2.73 (12.07%)
Laredo Petroleum Inc
83.46 USD+5.02 (6.40%)
Magellan Midstream Partners, L.P.
48.98 USD−0.070 (0.14%)
Mammoth Energy Services Inc
2.06 USD−0.19 (8.44%)
Matrix Service Co
7.48 USD+0.010 (0.13%)
NGL Energy Partners LP
2.24 USD−0.040 (1.75%)
OGE Energy Corp.
41.93 USD−0.32 (0.76%)
ONE Gas Inc
90.46 USD−0.83 (0.91%)
ONEOK, Inc.
70.89 USD+0.11 (0.16%)
Ovintiv Inc
51.54 USD+1.07 (2.12%)
PHX Minerals Inc
2.87 USD−0.050 (1.71%)
SandRidge Energy Inc.
16.65 USD+0.62 (3.87%)
Units Ord Shs
56.00 USD+0.40 (0.72%)
Williams Companies Inc
33.65 USD+0.25 (0.75%)
Can New Sanctions Against Russia Work? - Institute of Modern Russia