Those worries about China and its nagging COVID-19 lockdowns dragged down oil prices by more than 2% on Tuesday as Europe moved closer to a total embargo of Russian crude oil. But Oklahoma energy stocks had a good trading day.
West Texas Intermediate crude oil for June delivery in the U.S. dropped $2.76 before settling at $102.41 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for July delivery fell $2.61 and closed at $104.97 a barrel on ICE Futures Europe.
June natural gas rose 47 cents to $7.95 per 1,000 cubic feet.
Some pretty strong gains were recorded by several Oklahoma energy stocks on Tuesday with Devon Energy at 10%, and Cottera Energy, Ovintia and SandRidge at 8 and 9%.
It was mostly an “up” day for other energy stocks according to the Texas Energy Report.
Apache (APA) up 1.91 at 42.52 – change 4.70%
Cheniere (LNG) up 4.41 at 140.46 – change 3.24%
Chevron (CVX) up 2.74 at 162.49 – change 1.71%
ConocoPhillips (COP) up 3.01 at 98.93 – change 3.13%
Diamondback Energy (FANG) up 8.61 at 136.11 – change 6.35%
Energy Transfer LP (ET) up 0.46 at 11.74 – change 4.07%
Enterprise Products Partners (EPD) up 0.53 at 26.14 – change 2.06%
EOG Resources (EOG) up 4.45 at 120.76 – change 3.82%
ExxonMobil (XOM) up 1.78 at 88.19 – change 2.05%
Kinder Morgan (KMI) up 0.50 at 18.68 – change 2.75%
Marathon Oil Corp. (MRO) up 1.30 at 26.25 – change 5.21%
National Oilwell Varco (NOV) up 0.02 at 18.64 – change 0.10%
Occidental Petroleum (OXY) up 0.94 at 59.24 – change 1.61%
Phillips 66 (PSX) up 1.61 at 90.79 – change 1.80%
Pioneer Natural Resources (PXD) up 7.86 at 243.70 – change 3.33%
Tellurian Inc. (TELL) up 0.31 at 5.17 – change 6.37%
Valero (VLO) up 4.80 at 121.20 – change 4.11%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.45 at 98.58 – change 0.45%
CenterPoint (CNP) up 0.32 at 30.54 – change 1.05%
Entergy (ETR) down 0.51 at 117.53 – change 0.44%
