Plunge in crude prices as worries grow about China’s lockdowns

Longterm impact of historic oil price plunge – Workers World

 

China’s continued coronavirus lockdowns and worries about the demand outlook sent crude prices tumbling nearly 6% on Monday. Oklahoma energy stocks felt the blow too.

West Texas Intermediate crude dropped 6.1% or $6.68 to settle at $103.09 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude fell 5.7% or $6.45 to finish at $105.94 a barrel on ICE Futures Europe.

The drop in crude prices carried over to Oklahoma energy stocks as most experienced significant losses for the day including Empire Petroleum with a nearly 21% drop, Continental Resources at 11% and Laredo Petroleum at 14%.

 

Alliance Resource Partners, L.P.
17.60 USD−1.55 (8.09%)
Blueknight Energy Partners LP Common Stock
4.52 USD−0.010 (0.22%)
Chesapeake Energy Ord Shs
84.70 USD−8.45 (9.07%)
Continental Resources, Inc.
55.02 USD−7.15 (11.50%)
Coterra Energy Inc
29.32 USD−3.23 (9.92%)
Devon Energy Corp
62.02 USD−7.68 (11.02%)
Empire Petroleum Corporation
19.46 USD−5.05 (20.60%)
Gulfport Energy Corp
86.53 USD−8.76 (9.19%)
Helmerich & Payne, Inc.
44.68 USD−4.04 (8.29%)
LSB Industries, Inc.
17.01 USD−1.75 (9.33%)
Laredo Petroleum Inc
59.51 USD−9.81 (14.15%)
Magellan Midstream Partners, L.P.
47.93 USD−1.16 (2.36%)
Mammoth Energy Services Inc
2.07 USD−0.20 (8.81%)
Matrix Service Co
6.49 USD−0.050 (0.76%)
NGL Energy Partners LP
1.93 USD−0.070 (3.50%)
OGE Energy Corp.
39.20 USD−0.12 (0.31%)
ONE Gas Inc
85.42 USD+0.29 (0.34%)
ONEOK, Inc.
61.71 USD−3.89 (5.93%)
Ovintiv Inc
47.31 USD−8.33 (14.97%)
PHX Minerals Inc
3.31 USD−0.54 (14.03%)
SandRidge Energy Inc.
17.56 USD−2.30 (11.58%)
Units Ord Shs
58.00 USD−2.49 (4.12%)
Williams Companies Inc
34.74 USD−1.93 (5.26%)
Oil Prices Fall, Focus Shifts to US Output | Financial Tribune
 Big losses were also reported by other energy stocks according to the Texas Energy Report.

Apache (APA) up 6.58 at 37.53 – change 14.92%

Cheniere (LNG) down 12.60 at 134.34 – change 8.58%

Chevron (CVX) down 11.44 at 159.25 – change 6.71%

ConocoPhillips (COP) down 10.49 at 97.20 – change 9.75%

Diamondback Energy (FANG) down 13.44 at 129.49 – change 9.41%

Energy Transfer LP (ET) down 0.80 at 10.83 – change 6.88%

Enterprise Products Partners (EPD) down 0.87 at 26.08 – change 3.23%

EOG Resources (EOG) down 14.28 at 117.94 – change 10.81%

ExxonMobil (XOM) down 7.23 at 84.46 – change 7.89%

Kinder Morgan (KMI) down 0.70 at 18.60 – change 3.63%

Marathon Oil Corp. (MRO) down 3.95 at 24.20 – change 14.04%

National Oilwell Varco (NOV) down 1.85 at 17.13 – change 9.75%

Occidental Petroleum (OXY) down 7.10 at 57.84 – change 10.94%

Phillips 66 (PSX) own 6.88 at 89.48 – change 7.14%

Pioneer Natural Resources (PXD) down 25.79 at 244.39 – change 9.55%

Tellurian Inc. (TELL) down 0.50 at 3.93 – change 11.29%

Valero (VLO) down 10.73 at 118.45 – change 8.31%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.81 at 99.69 – change 0.82%

CenterPoint (CNP) down 0.35 at 30.38 – change 1.14%

Entergy (ETR) down 0.01 at 119.26 – change 0.01%