Inflation warning sends crude oil prices falling

Oil prices down 2% despite a sudden drop in US crude stocks | Debriefer

 

A warning of higher inflation by the International Monetary Fund sent oil prices falling on Tuesday.

Prices were down nearly 5% as West Texas Intermediate crude for May delivery fell $5.65 to $102.56 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for June delivery dropped $5.91 and settled at $107.25 a barrel on ICE Futures Europe.

May natural gas fell 64 cents to $7.18 per 1,000 cubic feet.

Most Oklahoma energy stocks suffered losses in Tuesday’s trading with Chesapeake down more than 3%, Cypress Environmental Partners down 9%, Laredo Petroleum down more than 4% and Mammoth Energy down 5%.

 

Alliance Resource Partners, L.P.
17.02 USD−0.32 (1.85%)
Blueknight Energy Partners LP Common Stock
3.33 USD+0.040 (1.22%)
Chesapeake Energy Ord Shs
91.65 USD−3.27 (3.45%)
Continental Resources, Inc.
64.12 USD−1.41 (2.15%)
Coterra Energy Inc
30.47 USD−0.28 (0.93%)
Cypress Environmental Partners LP
0.70 USD−0.072 (9.35%)
Devon Energy Corp
63.00 USD−0.53 (0.83%)
Gulfport Energy Corp
90.00 USD−2.72 (2.93%)
Helmerich & Payne, Inc.
49.28 USD−0.10 (0.20%)
LSB Industries, Inc.
26.74 USD+0.36 (1.36%)
Laredo Petroleum Inc
80.54 USD−3.49 (4.15%)
Magellan Midstream Partners, L.P.
52.08 USD+0.72 (1.40%)
Mammoth Energy Services Inc
2.53 USD−0.13 (4.89%)
Matrix Service Co
6.93 USD−0.050 (0.72%)
NGL Energy Partners LP
2.28 USD+0.090 (4.11%)
OGE Energy Corp.
41.71 USD0.00 (0.00%)
ONE Gas Inc
88.75 USD+0.32 (0.36%)
ONEOK, Inc.
72.17 USD−0.33 (0.46%)
Ovintiv Inc
53.76 USD−0.51 (0.94%)
PHX Minerals Inc
3.63 USD−0.12 (3.20%)
SandRidge Energy Inc.
19.14 USD−0.65 (3.28%)
Units Ord Shs
56.00 USD−1.50 (2.61%)
Williams Companies Inc
35.41 USD+0.100 (0.28%)
Oil Prices Moving Down Stock Photo - Download Image Now - iStock
Other energy stocks finished down too, according to the Texas Energy Report.

Apache (APA) up 0.41 at 44.39 – change 0.93%

Cheniere (LNG) down 0.12 at 139.13 – change 0.09%

Chevron (CVX) down 2.06 at 171.83 – change 1.19%

ConocoPhillips (COP) down 1.91 at 101.56 – change 1.85%

Diamondback Energy (FANG) down 2.08 at 137.91 – change 1.49%

Energy Transfer LP (ET) up 0.10 at 11.72 – change 0.86%

Enterprise Products Partners (EPD) up 0.30 at 27.03 – change 1.12%

EOG Resources (EOG) down 1.56 at 121.76 – change 1.21%

ExxonMobil (XOM) down 0.79 at 87.76 – change 0.90%

Kinder Morgan (KMI) up 0.05 at 19.60 – change 0.25%

Marathon Oil Corp. (MRO) down 0.10 at 26.78 – change 0.38%

National Oilwell Varco (NOV) down 0.85 at 20.36 – change 4.01%

Occidental Petroleum (OXY) down 0.99 at 60.38 – change 1.62%

Phillips 66 (PSX) up 2.39 at 89.55 – change 2.74%

Pioneer Natural Resources (PXD) down 5.85 at 250.82 – change 2.28%

Tellurian Inc. (TELL) down 0.11 at 5.84 – change 1.85%

Valero (VLO) down 2.61 at 107.74 – change 2.31%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.77 at 102.43 – change 0.75%

CenterPoint (CNP) down 0.11 at 32.17 – change 0.35%

Entergy (ETR) up 0.11 at 124.55 – change 0.08%