Crude prices dropped 2% on Friday and brought OK energy stocks down with them

Why U.S. Stocks Are Selling Off, And Is This An Opportunity?

 

The day after Thanksgiving Day, crude oil prices suffered a 2% drop over continuing worries about Chinese demand and growing debate over the Western price cap of Russian oil.

West Texas Intermediate crude for January delivery fell $1.66 or 2.13% a barrel to settle at $76.28 on the New York Mercantile Exchange.

Global benchmark Brent crude for January delivery dropped $1.71 or 2% to finish at $83.63 a barrel on ICE Futures Europe.

December natural gas fell nearly 4% or 29 cents to $7.02 per 1,000 cubic feet.

The majority of Oklahoma energy stocks finished Friday with losses including a more than 5% loss for Mammoth Energy.

 

Alliance Resource Partners, L.P.
22.45 USD−0.43 (1.88%)
Chesapeake Energy Ord Shs
102.94 USD−0.52 (0.50%)
Coterra Energy Inc
27.61 USD+0.070 (0.25%)
Devon Energy Corp
68.35 USD+0.55 (0.81%)
Empire Petroleum Corp
13.84 USD−0.010 (0.072%)
Gulfport Energy Corp
81.98 USD+0.47 (0.58%)
Helmerich & Payne, Inc.
50.46 USD−1.32 (2.55%)
LSB Industries Inc
15.14 USD+0.80 (5.58%)
Laredo Petroleum Inc
63.54 USD+0.60 (0.95%)
Magellan Midstream Partners LP
51.86 USD−0.17 (0.33%)
Mammoth Energy Services Inc
5.53 USD−0.31 (5.31%)
 Matrix Service Co
5.18 USD-0.19 (-3.45%)
NGL Energy Partners LP
1.26 USD−0.0100 (0.79%)
OGE Energy Corp.
39.98 USD+0.29 (0.73%)
ONE Gas Inc
88.33 USD+0.79 (0.90%)
ONEOK, Inc.
65.42 USD−0.20 (0.30%)
Ovintiv Inc
55.14 USD−0.050 (0.091%)
PHX Minerals Inc
3.70 USD+0.080 (2.21%)
SandRidge Energy Inc
20.25 USD−0.14 (0.69%)
Unit Corp
57.80 USD−0.14 (0.24%)
Williams Companies Inc
33.90 USD+0.070 (0.21%)
Oil slides 2%, posts second weekly decline as supply fears recede | Reuters
Other energy stocks ended the day with losses according to the Texas Energy Report.

Apache (APA) down 0.35 at 46.43 – change 0.75%

Cheniere (LNG) up 0.28 at 173.08 – change 0.16%

Chevron (CVX) down 0.54 at 183.70 – change 0.30%

ConocoPhillips (COP) up 0.07 at 126.81 – change 0.05%

Diamondback Energy (FANG) down 0.67 at 149.32 – change 0.45%

Energy Transfer LP (ET) down 0.08 at 12.36 – change 0.57%

Enterprise Products Partners (EPD) down 0.02 at 24.75 – change 0.09%

EOG Resources (EOG) down 0.01 at 142.63 – change 0.01%

ExxonMobil (XOM) down 0.40 at 113.21 – change 0.36%

Kinder Morgan (KMI) down 0.02 at 18.63 – change 0.11%

Marathon Oil Corp. (MRO) down 0.27 at 30.38 – change 0.89%

National Oilwell Varco (NOV) down 0.24 at 22.22 – change 1.07%

Occidental Petroleum (OXY) down 0.84 at 70.28 – change 1.19%

Phillips 66 (PSX) up 0.07 at 110.78 – change 0.06%

Pioneer Natural Resources (PXD) down 0.23 at 254.14 – change 0.10%

Tellurian Inc. (TELL) down 0.03 at 2.62 – change 1.14%

Valero (VLO) down 0.81 at 138.40 – change 0.59%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.34 at 95.47 – change 0.35%

CenterPoint (CNP) up 0.23 at 31.04 – change 0.74%

Entergy (ETR) up 0.79 at 113.75 – change 0.69%