Those nagging and growing worries by investors of lower consumer confidence combined with a coming release of another 20 million barrels of crude oil from the U.S. Strategic Petroleum Reserve sent crude oil prices tumbling on Tuesday.
West Texas Intermediate crude for September delivery dropped $1.72 to settle at $94.98 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for September delivery slid 75 cents to finish at $104.40 a barrel on ICE Futures Europe.
August natural gas rose 27 cents to $8.99 per 1,000 cubic feet.
With one major exception, most Oklahoma energy stocks had something of a weak response on Tuesday. Empire Petroleum recorded a nearly 15% gain.
Apache (APA) down 0.59 at 33.84 – change 1.72%
Cheniere (LNG) up 4.16 at 144.16 – change 2.97%
Chevron (CVX) down 1.16 at 147.32 – change 0.79%
ConocoPhillips (COP) down 0.96 at 91.07 – change 1.05%
Diamondback Energy (FANG) down 1.71 at 118.28 – change 1.43%
Energy Transfer LP (ET) up 0.05 at 10.65 – change 0.47%
Enterprise Products Partners (EPD) down 0.02 at 26.09 – change 0.07%
EOG Resources (EOG) down 1.73 at 103.75 – change 1.65%
ExxonMobil (XOM) down 0.35 at 89.63 – change 0.39%
Kinder Morgan (KMI) down 0.02 at 18.00 – change 0.12%
Marathon Oil Corp. (MRO) down 0.27 at 22.91 – change 1.17%
National Oilwell Varco (NOV) down 0.24 at 15.23 – change 1.56%
Occidental Petroleum (OXY) down 2.34 at 62.07 – change 3.64%
Phillips 66 (PSX) down 1.29 at 85.95 – change 1.48%
Pioneer Natural Resources (PXD) down 2.99 at 218.58 – change 1.35%
Tellurian Inc. (TELL) down 0.21 at 3.58 – change 5.55%
Valero (VLO) down 1.69 at 107.63 – change 1.55%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.62 at 96.42 – change 0.64%
CenterPoint (CNP) up 0.40 at 30.50 – change 1.32%
Entergy (ETR) up 0.49 at 111.28 – change 0.44%