After rising above $90 a barrel in Thursday’s trading, crude oil prices finally settled lower as traders worried about the recession and what possible OPEC+ output cuts next week might do to the economy.
Oklahoma energy stocks had a bad day as most recorded losses.
West Texas Intermediate crude for November delivery fell 92 cents to finish at $81.23 a barrel in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for November delivery finished down 83 cents at $88.49 on ICE Futures Europe.
November natural gas fell 9 cents to $6.87 per 1,000 cubic feet.
Most Oklahoma energy stocks suffered losses in Thursday’s trading with only a handful of firms recording weak gains for the day.
LSB Industries dropped 9% while Mammoth Energy fell 6% and ONE Gas lost 5%.
Apache (APA) up 0.28 at 34.95 – change 0.80%
Cheniere (LNG) up 1.13 at 164.31 – change 0.69%
Chevron (CVX) down 1.01 at 144.77 – change 0.70%
ConocoPhillips (COP) up 0.66 at 103.66 – change 0.64%
Diamondback Energy (FANG) up 1.51 at 120.91 – change 1.26%
Energy Transfer LP (ET) down 0.15 at 10.97 – change 1.27%
Enterprise Products Partners (EPD) down 0.21 at 23.84 – change 0.88%
EOG Resources (EOG) up 1.24 at 112.97 – change 1.10%
ExxonMobil (XOM) down 0.18 at 88.68 – change 0.21%
Kinder Morgan (KMI) down 0.12 at 16.72 – change 0.72%
Marathon Oil Corp. (MRO) up 0.13 at 22.80 – change 0.57%
National Oilwell Varco (NOV) up 0.53 at 15.74 – change 3.48%
Occidental Petroleum (OXY) up 0.70 at 62.11 – change 1.13%
Phillips 66 (PSX) down 0.77 at 80.63 – change 0.95%
Pioneer Natural Resources (PXD) up 1.36 at 216.50 – change 0.63%
Tellurian Inc. (TELL) down 0.19 at 2.31 – change 7.57%
Valero (VLO) down 1.56 at 107.24 – change 1.44%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 4.49 at 89.07 – change 4.80%
CenterPoint (CNP) down 1.31 at 28.84 – change 4.35%
Entergy (ETR) down 5.20 at 102.63 – change 4.83%