Another fall for crude oil prices and for Oklahoma energy stocks

Oil prices down over doubts on vaccine efficacy

 

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.

 

Alliance Resource Partners, L.P.
22.31 USD+0.12 (0.54%)
Chesapeake Energy Ord Shs
99.88 USD+0.31 (0.31%)
Continental Resources, Inc.
74.17 USD+0.050 (0.067%)
Coterra Energy Inc
26.80 USD+0.38 (1.44%)
Devon Energy Corp
70.99 USD−0.35 (0.49%)
Empire Petroleum Corp
14.78 USD+0.26 (1.79%)
Gulfport Energy Corp
84.06 USD+1.54 (1.87%)
Helmerich & Payne, Inc.
52.06 USD+0.29 (0.56%)
LSB Industries Inc
13.05 USD−0.22 (1.66%)
Laredo Petroleum Inc
64.20 USD−1.26 (1.92%)
Magellan Midstream Partners LP
51.38 USD−0.57 (1.10%)
Mammoth Energy Services Inc
5.58 USD−0.36 (6.06%)
Matrix Service Co
5.16 USD−0.080 (1.53%)
OGE Energy Corp.
38.42 USD−0.35 (0.90%)
ONE Gas Inc
82.07 USD+0.54 (0.66%)
ONEOK, Inc.
63.60 USD−1.11 (1.72%)
Ovintiv Inc
54.44 USD−0.76 (1.38%)
PHX Minerals Inc
3.63 USD−0.090 (2.42%)
SandRidge Energy Inc
20.10 USD+0.070 (0.35%)
Unit Corp
58.05 USD−0.70 (1.19%)
Williams Companies Inc
33.10 USD−0.67 (1.98%)
Stocks jump most since June 2020 as oil prices fall sharply
Other energy stocks had the same kind of day with some performing to the positive while others recorded losses according to the Texas Energy Report.

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%