Crude prices remained steady while natural gas soared

Oil prices mixed, but pressure builds on expected crude output increase

Monday’s trading brought little change in crude oil prices while natural-gas futures rose more than 6% over the planned shutdown of a key European pipeline.

Oil investors are worried about the impact of extended COVID-19 testing in China and what it might do to world-wide demand.

West Texas Intermediate crude for August delivery lost 70 cents to close at $104.90 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for September delivery managed an 8-cent gain and settled at $107.10 a barrel on ICE Futures Europe.

August natural gas rose 39, or 6.5%, to settle at $6.426 per million British thermal units on the New York Mercantile Exchange. The price jump was spurred largely after Russia shut down the Nord Stream 1 natural gas pipeline for scheduled maintenance work until 21. There ‘s a concern that gas deliveries through the European pipeline  won’t be turned back on again.

The day’s trading resulted in some Oklahoma energy stocks losing more than 5%.

Alliance Resource Partners, L.P.
19.98 USD−0.080 (0.40%)
Blueknight Energy Partners LP Common Stock
4.53 USD−0.0100 (0.22%)
Chesapeake Energy Ord Shs
79.22 USD+0.77 (0.98%)
Continental Resources, Inc.
64.76 USD−0.45 (0.69%)
Coterra Energy Inc
26.39 USD+0.10 (0.40%)
Devon Energy Corp
53.32 USD−1.15 (2.11%)
Empire Petroleum Corporation
9.90 USD−0.26 (2.56%)
Gulfport Energy Corp
78.71 USD+0.51 (0.65%)
Helmerich & Payne, Inc.
41.64 USD−1.34 (3.12%)
LSB Industries, Inc.
13.01 USD−0.030 (0.23%)
Laredo Petroleum Inc
65.95 USD−1.74 (2.57%)
Magellan Midstream Partners, L.P.
48.29 USD+0.54 (1.13%)
Mammoth Energy Services Inc
2.24 USD+0.030 (1.36%)
Matrix Service Co
4.65 USD−0.11 (2.31%)
NGL Energy Partners LP
1.40 USD−0.080 (5.41%)
OGE Energy Corp.
38.54 USD+0.48 (1.26%)
ONE Gas Inc
79.82 USD+0.15 (0.19%)
ONEOK, Inc.
55.78 USD−1.04 (1.83%)
Ovintiv Inc
42.18 USD−0.90 (2.09%)
PHX Minerals Inc
2.81 USD−0.080 (2.77%)
SandRidge Energy Inc.
16.33 USD+0.17 (1.08%)
Unit Corp
50.80 USD+0.28 (0.55%)
Williams Companies Inc
31.76 USD+0.43 (1.39%)
Oil prices mixed, but still holding near $70 per barrel - UPI.com
 Other energy stocks recorded losses for the day according to the Texas Energy Report.

Apache (APA) down 0.64 at 34.21 – change 1.84%

Cheniere (LNG) down 3.91 at 123.95 – change 3.06%

Chevron (CVX) down 1.26 at 141.51 – change 0.89%

ConocoPhillips (COP) down 0.91 at 85.55 – change 1.06%

Diamondback Energy (FANG) down 1.94 at 114.39 – change 1.67%

Energy Transfer LP (ET) down 0.22 at 9.73 – change 2.22%

Enterprise Products Partners (EPD) up 0.06 at 25.04 – change 0.25%

EOG Resources (EOG) down 1.82 at 103.70 – change 1.73%

ExxonMobil (XOM) down 0.44 at 85.64 – change 0.52%

Kinder Morgan (KMI) down 0.11 at 16.86 – change 0.65%

Marathon Oil Corp. (MRO) down 0.40 at 21.32 – change 1.85%

National Oilwell Varco (NOV) down 0.62 at 15.97 – change 3.74%

Occidental Petroleum (OXY) down 1.15 at 59.52 – change 1.90%

Phillips 66 (PSX) down 0.25 at 81.76 – change 0.31%

Pioneer Natural Resources (PXD) down 3.89 at 213.61 – change 1.79%

Tellurian Inc. (TELL) down 0.11 at 3.00 – change 3.54%

Valero (VLO) up 0.76 at 107.79 – change 0.71%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.67 at 95.01 – change 0.71%

CenterPoint (CNP) up 0.16 at 29.53 – change 0.54%

Entergy (ETR) up 0.69 at 110.78 – change 0.62%