Crude prices fell and OK energy stocks recorded a weak day in trading

What is Driving the Oil Price Down? | Rigzone

 

While investors anticipate a big jump in central bank interest-rates as an attempt to correct inflation and recession, crude oil prices fell on Monday. Oklahoma energy stocks also recorded a weak day in trading.

West Texas Intermediate crude for October delivery dropped $1.28 to finish the day at $84.45 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for November delivery fell $1.38 and closed at $90.62 a barrel on ICE Futures Europe.

October natural gas fell 3 cents to $7.72 per 1,000 cubic feet.

Turned out to be a weak day of trading for Oklahoma energy stocks. The biggest drop of the day was nearly 11% by Mammoth Energy while Empire Petroleum’s nearly 2% gain was the largest advance of the day.

Alliance Resource Partners, L.P. 

24.04 USD−0.42 (1.72%)

Chesapeake Energy Ord Shs

102.61 USD+0.35 (0.34%)
Continental Resources, Inc.
69.69 USD−0.56 (0.80%)
Coterra Energy Inc
28.92 USD−0.020 (0.069%)
Devon Energy Corp
65.12 USD−0.78 (1.18%)
Empire Petroleum Corporation
12.29 USD+0.22 (1.82%)
Gulfport Energy Corp
92.48 USD−3.16 (3.30%)
Helmerich & Payne, Inc.
41.83 USD−1.09 (2.54%)
LSB Industries, Inc.
15.68 USD−0.39 (2.43%)
 Laredo Petroleum Inc
65.42 USD−1.51 (2.26%)
Magellan Midstream Partners, L.P.
50.66 USD−0.31 (0.61%)
Mammoth Energy Services Inc
3.81 USD−0.46 (10.77%)
Matrix Service Co
4.53 USD−0.13 (2.79%)
NGL Energy Partners LP
1.48 USD−0.0100 (0.67%)
OGE Energy Corp.
41.02 USD−0.48 (1.16%)
ONE Gas Inc
79.87 USD−0.60 (0.75%)
ONEOK, Inc.
59.70 USD−1.20 (1.97%)
Ovintiv Inc
49.13 USD−0.61 (1.23%)
PHX Minerals Inc
3.37 USD+0.030 (0.90%)
SandRidge Energy Inc.
17.28 USD−0.070 (0.40%)
Unit Corp
57.95 USD−0.050 (0.086%)
Williams Companies Inc
31.83 USD−0.23 (0.72%)
Rising Oil Prices Are a Sliver of Crisis to Come: Energy Expert
 Other energy stocks recorded losses including a 24% drop for Tellurian according to the Texas Energy Report.

Apache (APA) down 0.85 at 39.60 – change 2.11%

Cheniere (LNG) down 0.45 at 168.05 – change 0.27%

Chevron (CVX) down 0.62 at 156.28 – change 0.40%

ConocoPhillips (COP) down 0.80 at 112.07 – change 0.71%

Diamondback Energy (FANG) down 0.15 at 130.79 – change 0.11%

Energy Transfer LP (ET) up 0.03 at 11.93 – change 0.25%

Enterprise Products Partners (EPD) down 0.15 at 25.81 – change 0.54%

EOG Resources (EOG) down 0.80 at 119.63 – change 0.67%

ExxonMobil (XOM) down 0.76 at 92.44 – change 0.82%

Kinder Morgan (KMI) down 0.15 at 17.89 – change 0.84%

Marathon Oil Corp. (MRO) down 0.17 at 25.76 – change 0.66%

National Oilwell Varco (NOV) down 0.50 at 16.64 – change 2.92%

Occidental Petroleum (OXY) down 0.40 at 64.28 – change 0.62%

Phillips 66 (PSX) up 1.29 at 83.22 – change 1.57%

Pioneer Natural Resources (PXD) down 3.11 at 231.74 – change 1.33%

Tellurian Inc. (TELL) down 0.93 at 2.97 – change 23.84%

Valero (VLO) up 2.75 at 107.42 – change 2.62%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.35 at 99.76 – change 1.34%

CenterPoint (CNP) down 0.47 at 31.99 – change 1.45%

Entergy (ETR) down 1.58 at 114.30 – change 1.37%