Recession worries result in falling crude oil prices

Vanguard: Don't Worry Too Much About the Recession -- SmartAsset Blog

For a second straight day, crude oil prices dropped on Tuesday, falling 2% over apparent recession fears and renewed COVID-19 cases in China.

West Texas Intermediate crude for November delivery dropped nearly 2% on a $1.78 a barrel slide to $89.35 on the New York Mercantile Exchange.

Global benchmark Brent crude for December delivery took a $1.90 fall or nearly 2% to $94.29 in trading on ICE Futures Europe.

 November natural gas rose 16 cents or 2.50% to $6.60 per 1,000 cubic feet.

More Oklahoma energy stocks suffered losses than made gains in Tuesday’s trading. Mammoth Energy recorded an 8% loss while the NGL Energy’s 3% gain was the largest of the day.

Alliance Resource Partners, L.P.
23.09 USD−0.86 (3.59%)
Chesapeake Energy Ord Shs
96.60 USD−1.03 (1.06%)
Continental Resources, Inc.
69.03 USD+0.28 (0.41%)
Coterra Energy Inc
28.80 USD+0.33 (1.16%)
Devon Energy Corp
68.57 USD−1.78 (2.53%)
Empire Petroleum Corporation
14.36 USD−0.18 (1.24%)
Gulfport Energy Corp
93.10 USD−0.96 (1.02%)
Helmerich & Payne, Inc.
41.82 USD−0.46 (1.09%)
LSB Industries, Inc.
15.67 USD−0.27 (1.69%)
Laredo Petroleum Inc
70.56 USD−3.71 (5.00%)
Magellan Midstream Partners, L.P.
47.88 USD+0.89 (1.89%)
Mammoth Energy Services Inc
3.80 USD−0.33 (7.99%)
Matrix Service Co
4.01 USD−0.020 (0.50%)
NGL Energy Partners LP
1.33 USD+0.040 (3.10%)
OGE Energy Corp.
34.73 USD−0.10 (0.29%)
ONE Gas Inc
72.00 USD+1.28 (1.81%)
ONEOK, Inc.
53.59 USD+0.29 (0.54%)
Ovintiv Inc
52.45 USD−0.96 (1.80%)
PHX Minerals Inc
3.52 USD−0.100 (2.76%)
SandRidge Energy Inc.
18.25 USD−0.18 (0.98%)
Unit Corp
55.60 USD+0.60 (1.09%)
Williams Companies Inc
29.75 USD+0.40 (1.36%)
If There Is A 2023 Recession Coming, Where Should I Invest?
 Other energy stocks suffered losses too including a more than 2% tumble for Occidental Petroleum according to the Texas Energy Report.

Apache (APA) down 0.69 at 40.47 – change 1.68%

Cheniere (LNG) up 0.25 at 168.14 – change 0.14%

Chevron (CVX) up 0.03 at 157.16 – change 0.01%

ConocoPhillips (COP) down 1.22 at 115.58 – change 1.05%

Diamondback Energy (FANG) down 0.94 at 139.37 – change 0.67%

Energy Transfer LP (ET) up 0.19 at 11.53 – change 1.67%

Enterprise Products Partners (EPD) up 0.25 at 24.82 – change 1.01%

EOG Resources (EOG) down 1.00 at 122.70 – change 0.81%

ExxonMobil (XOM) down 0.84 at 98.00 – change 0.85%

Kinder Morgan (KMI) up 0.09 at 17.16 – change 0.52%

Marathon Oil Corp. (MRO) down 0.48 at 27.04 – change 1.75%

National Oilwell Varco (NOV) down 0.11 at 17.89 – change 0.62%

Occidental Petroleum (OXY) down 1.60 at 64.03 – change 2.44%

Phillips 66 (PSX) down 0.77 at 90.34 – change 0.85%

Pioneer Natural Resources (PXD) down 3.47 at 246.13 – change 1.40%

Tellurian Inc. (TELL) down 0.02 at 2.52 – change 0.79%

Valero (VLO) down 1.17 at 109.69 – change 1.06%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.42 at 84.87 – change 0.49%

CenterPoint (CNP) down 0.10 at 26.60 – change 0.38%

Entergy (ETR) up 1.08 at 101.15 – change 1.06%