Crude oil prices took a $2 drop on Monday and settled at nine-month lows while Oklahoma energy stocks recorded losses—some as much as 7%.
The strengthening dollar put more pressure on the market as investors await details of new sanctions on Russia.
West Texas Intermediate for November delivery fell $2.06 or 2.3% to settle at $76.71, the lowest price since January 6.
Global benchmark Brent crude for November delivery fell 2.4% or $2.09 and closed at $84.06 a barrel, a level not seen since Jan. 14.
October natural gas rose 7 cents to $6.90 per 1,000 cubic feet.
Losses far outnumbered any gains recorded Monday by Oklahoma energy stocks. One of the biggest declines was the 7% loss recorded by NGL Energy Partners while Ovintiv dropped 6%.
21.57 USD+0.090 (0.42%)
91.09 USD−1.84 (1.98%)
62.65 USD−1.38 (2.16%)
25.32 USD−1.04 (3.95%)
55.18 USD−2.52 (4.37%)
12.19 USD−0.72 (5.58%)
82.27 USD−1.57 (1.87%)
35.83 USD+0.35 (0.99%)
12.90 USD+0.27 (2.14%)
53.08 USD−3.17 (5.64%)
45.69 USD−0.76 (1.64%)
3.07 USD−0.11 (3.46%)
3.58 USD−0.20 (5.29%)
1.25 USD−0.10 (7.41%)
38.96 USD−0.96 (2.40%)
76.91 USD−1.69 (2.15%)
50.58 USD−2.18 (4.13%)
40.16 USD−2.46 (5.77%)
2.91 USD−0.030 (1.02%)
14.50 USD−0.66 (4.35%)
51.50 USD−1.25 (2.37%)
28.42 USD−0.73 (2.50%)
