Crude oil rose again on Thursday but OK energy stocks suffered

Oil for beginners: why oil prices move up and down

 

While traders considered a European ban of Russian oil, crude oil prices rose in Thursday’s trading. It didn’t help Oklahoma energy stocks as they took it on the chin.

West Texas Intermediate crude for June delivery increased $1.60 to finish the day at $103.79 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for June delivery rose $1.53 and closed at $108.33 a barrel on ICE Futures Europe.

May natural gas rose 2 cents to $6.96 per 1,000 cubic feet.

All that wind on Thursday blew up a bad day for many Oklahoma energy stocks. Among those firms with some eye-brow raising losses were Cypress Environmental at 14%, LSB Industries at nearly 14%,  Alliance Resource Partners, Laredo Petroleum, and SandRidge Energy at 6%.

 

Alliance Resource Partners, L.P.
16.14 USD−0.99 (5.78%)
Blueknight Energy Partners LP Common Stock
3.29 USD+0.0100 (0.30%)
Chesapeake Energy Ord Shs
91.14 USD−1.74 (1.87%)
Continental Resources, Inc.
62.34 USD−2.78 (4.27%)
Coterra Energy Inc
29.97 USD−0.96 (3.10%)
Cypress Environmental Partners LP
0.65 USD−0.11 (14.18%)
Devon Energy Corp
61.15 USD−3.44 (5.33%)
Empire Petroleum Corporation
22.97 USD+0.17 (0.75%)
Gulfport Energy Corp
90.41 USD−2.07 (2.24%)
Helmerich & Payne, Inc.
47.48 USD−2.19 (4.41%)
LSB Industries, Inc.
22.96 USD−3.65 (13.72%)
Laredo Petroleum Inc
80.57 USD−5.10 (5.95%)
Magellan Midstream Partners, L.P.
52.33 USD−0.70 (1.32%)
Mammoth Energy Services Inc
2.51 USD−0.14 (5.28%)
Matrix Service Co
7.35 USD+0.12 (1.66%)
NGL Energy Partners LP
2.26 USD−0.020 (0.88%)
OGE Energy Corp.
42.28 USD−0.030 (0.071%)
ONE Gas Inc
88.93 USD−0.27 (0.30%)
ONEOK, Inc.
71.47 USD−2.15 (2.92%)
Ovintiv Inc
53.58 USD−2.45 (4.37%)
PHX Minerals Inc
3.74 USD−0.12 (3.11%)
SandRidge Energy Inc.
18.90 USD−1.28 (6.37%)
Units Ord Shs
52.75 USD−1.75 (3.21%)
Williams Companies Inc
35.68 USD−0.24 (0.67%)
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Down was the movement of the day for other energy stocks according to the Texas Energy Report. Among the big losers—Tellurian with a nearly 10% drop and Marathon Oil at about 6%.

Apache (APA) down 2.02 at 42.19 – change 4.56%

Cheniere (LNG) down 1.41 at 136.58 – change 1.03%

Chevron (CVX) down 7.95 at 164.58 – change 4.61%

ConocoPhillips (COP) down 4.00 at 98.67 – change 3.90%

Diamondback Energy (FANG) down 4.55 at 137.35 – change 3.21%

Energy Transfer LP (ET) down 0.24 at 11.65 – change 2.02%

Enterprise Products Partners (EPD) down 0.06 at 27.14 – change 0.23%

EOG Resources (EOG) down 3.20 at 119.49 – change 2.61%

ExxonMobil (XOM) down 0.93 at 87.03 – change 1.06%

Kinder Morgan (KMI) up 0.02 at 19.79 – change 0.10%

Marathon Oil Corp. (MRO) down 1.56 at 26.09 – change 5.65%

National Oilwell Varco (NOV) down 0.68 at 19.45 – change 3.38%

Occidental Petroleum (OXY) down 2.27 at 59.20 – change 3.70%

Phillips 66 (PSX) down 2.92 at 85.95 – change 3.29%

Pioneer Natural Resources (PXD) down 10.34 at 243.00 – change 4.09%

Tellurian Inc. (TELL) down 0.57 at 5.20 – change 9.73%

Valero (VLO) down 3.16 at 104.91 – change 2.93%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.71 at 102.12 – change 0.70%

CenterPoint (CNP) down 0.49 at 32.26 – change 1.50%

Entergy (ETR) down 0.51 at 125.33 – change 0.41%