The question for crude oil investors is—will prices recover Monday after the 3% drop on Friday? Oklahoma energy stocks had the same setback.
Investors backed off crude oil because of their continuing global recession fears along with a weak oil demand, especially in China.
Global benchmark, Brent crude for December delivery dropped $2.94 or about 3% to $91.63 a barrel in trading on ICE Futures Europe.
November natural gas fell 29 cents or about 4% to $6.45 per 1,000 cubic feet.
The impact was felt by Oklahoma energy stocks. Losses ranged as high as nearly 9% for some firms while a host of others had 5% ,6% and 7% drops for the day.
It also proved to a ‘down’ day for other energy stocks according to the Texas Energy Report.
Apache (APA) down 1.93 at 39.93 – change 4.62%
Cheniere (LNG) down 7.62 at 170.55 – change 4.28%
Chevron (CVX) down 5.14 at 160.13 – change 3.11%
ConocoPhillips (COP) down 4.78 at 117.96 – change 3.90%
Diamondback Energy (FANG) down 5.92 at 139.36 – change 4.08%
Energy Transfer LP (ET) down 0.24 at 11.47 – change 2.05%
Enterprise Products Partners (EPD) down 0.08 at 24.99 – change 0.28%
EOG Resources (EOG) down 6.02 at 120.57 – change 4.76%
ExxonMobil (XOM) down 2.68 at 99.19 – change 2.64%
Kinder Morgan (KMI) down 0.45 at 17.19 – change 2.56%
Marathon Oil Corp. (MRO) down 1.28 at 27.05 – change 4.52%
National Oilwell Varco (NOV) down 0.86 at 17.88 – change 4.59%
Occidental Petroleum (OXY) down 1.32 at 66.68 – change 1.95%
Phillips 66 (PSX) down 2.80 at 94.10 – change 2.89%
Pioneer Natural Resources (PXD) down 13.56 at 239.89 – change 5.36%
Tellurian Inc. (TELL) down 0.21 at 2.56 – change 7.59%
Valero (VLO) down 6.74 at 114.12 – change 5.58%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.26 at 83.52 – change 1.49%
CenterPoint (CNP) down 0.17 at 25.88 – change 0.66%
Entergy (ETR) down 0.56 at 100.01 – change 0.55%
