Crude oil prices suffered another drop in Thursday’s trading as they fell more than 3%. Observers blamed growing COVID-19 cases in China along with increased concern that U.S. interest rates will be raised again.
West Texas Intermediate crude for December delivery plunged $3.95 a barrel or nearly 5% to settle at $81.64 on the New York Mercantile Exchange.
Global benchmark Brent crude for delivery in January dropped about 3% or $3.08 to finish the day at $89.78 a barrel on ICE Futures Europe.
December natural gas rose 17 cents or nearly 3% to $6.37 per 1,000 cubic feet.
Many Oklahoma energy stocks experienced losses in Thursday’s trading including a 6% drop for Mammoth Energy.
Apache (APA) down 0.49 at 46.94 – change 1.04%
Cheniere (LNG) down 2.13 at 165.48 – change 1.28%
Chevron (CVX) up 0.52 at 184.09 – change 0.28%
ConocoPhillips (COP) up 1.95 at 131.19 – change 1.50%
Diamondback Energy (FANG) up 2.80 at 161.78 – change 1.76%
Energy Transfer LP (ET) down 0.16 at 11.95 – change 1.33%
Enterprise Products Partners (EPD) down 0.40 at 24.61 – change 1.60%
EOG Resources (EOG) up 1.04 at 144.49 – change 0.72%
ExxonMobil (XOM) up 0.15 at 113.06 – change 0.13%
Kinder Morgan (KMI) down 0.11 at 18.30 – change 0.60%
Marathon Oil Corp. (MRO) down 0.15 at 31.30 – change 0.48%
National Oilwell Varco (NOV) down 0.15 at 22.98 – change 0.65%
Occidental Petroleum (OXY) down 0.47 at 71.45 – change 0.66%
Phillips 66 (PSX) up 2.04 at 109.73 – change 1.90%
Pioneer Natural Resources (PXD) down 2.45 at 256.56 – change 0.96%
Tellurian Inc. (TELL) down 0.05 at 2.67 – change 1.84%
Valero (VLO) up 2.38 at 137.91 – change 1.75%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.67 at 89.07 – change 0.75%
CenterPoint (CNP) down 0.25 at 29.19 – change 0.85%
Entergy (ETR) down 1.29 at 108.84 – change 1.18%