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.