Crude oil prices sagged slightly in Monday’s trading while Oklahoma energy stocks had a strong trading day with some making gains of 7% and 8%.
Still, fears exist about the high inflation and energy costs and how they might bring down the global economy into a definite recession.
Benchmark U.S. crude oil for November delivery fell 15 cents to $85.46 a barrel Monday. Brent crude for December delivery fell 1 cent to $91.62 a barrel.
Wholesale gasoline for November delivery fell 4 cents to $2.59 a gallon. November heating oil rose 11 cents to $4.09 a gallon. November natural gas fell 45 cents to $6 per 1,000 cubic feet.
Monday proved to be a day of gains for Oklahoma energy stocks. Of course, Continental Resources led the way with a nearly 9% gain following news of its private takeover by founder Harold Hamm.
However, others had a strong trading day too, including Mammoth Energy with a 7% gain.
Apache (APA) up 0.17 at 40.10 – change 0.42%
Cheniere (LNG) up 1.05 at 171.60 – change 0.61%
Chevron (CVX) up 1.17 at 161.31 – change 0.73%
ConocoPhillips (COP) up 0.40 at 118.36 – change 0.33%
Diamondback Energy (FANG) up 0.10 at 139.46 – change 0.07%
Energy Transfer LP (ET) up 0.23 at 11.70 – change 2.00%
Enterprise Products Partners (EPD) up 0.37 at 25.36 – change 1.48%
EOG Resources (EOG) up 0.33 at 120.90 – change 0.27%
ExxonMobil (XOM) up 1.43 at 100.62 – change 1.44%
Kinder Morgan (KMI) up 0.31 at 17.50 – change 1.80%
Marathon Oil Corp. (MRO) up 0.09 at 27.14 – change 0.33%
National Oilwell Varco (NOV) up 0.15 at 18.03 – change 0.83%
Occidental Petroleum (OXY) up 0.68 at 67.36 – change 1.01%
Phillips 66 (PSX) up 1.36 at 95.46 – change 1.44%
Pioneer Natural Resources (PXD) up 4.16 at 244.05 – change 1.73%
Tellurian Inc. (TELL) up 0.14 at 2.70 – change 5.46%
Valero (VLO) up 1.38 at 115.50 – change 1.20%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.53 at 85.05 – change 1.83%
CenterPoint (CNP) up 0.37 at 26.25 – change 1.42%
Entergy (ETR) up 1.31 at 101.32 – change 1.30%