Wednesday’s trading brought a dollar a barrel drop in crude oil prices after Russian oil shipments through the Druzhba pipeline to Hungary restarted.
Plus, there was the issue of increased COVID-19 cases in China. The slide in crude prices also brought down Oklahoma energy stocks.
December natural gas rose 17 cents or nearly 3% to $6.20 per 1,000 cubic feet.
As for Oklahoma energy stocks, most endured losses in Wednesday’s trading including a nearly 6% drop for Ovintiv, a 5% drop for Coterra Energy and a 4% slide for Gulfport Energy.
Other energy stocks had the same kind of ‘downward’ performance according to the Texas Energy Report.
Apache (APA) down 1.61 at 47.43 – change 3.29%
Cheniere (LNG) up 2.24 at 167.61 – change 1.35%
Chevron (CVX) down 3.06 at 184.99 – change 1.63%
ConocoPhillips (COP) down 4.85 at 129.24 – change 3.62%
Diamondback Energy (FANG) down 5.80 at 158.97 – change 3.52%
Energy Transfer LP (ET) up 0.07 at 12.11 – change 0.58%
Enterprise Products Partners (EPD) up 0.12 at 25.01 – change 0.48%
EOG Resources (EOG) down 3.85 at 143.44 – change 2.62%
ExxonMobil (XOM) down 1.22 at 112.91 – change 1.07%
Kinder Morgan (KMI) down 0.25 at 18.41 – change 1.34%
Marathon Oil Corp. (MRO) down 1.49 at 31.45 – change 4.53%
National Oilwell Varco (NOV) down 0.54 at 23.13 – change 2.29%
Occidental Petroleum (OXY) down 2.50 at 71.93 – change 3.36%
Phillips 66 (PSX) down 2.46 at 107.68 – change 2.24%
Pioneer Natural Resources (PXD) down 8.28 at 254.11 – change 3.16%
Tellurian Inc. (TELL) down 0.20 at 2.72 – change 6.85%
Valero (VLO) down 4.20 at 125.53 – change 3.01%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.52 at 89.74 – change 0.58%
CenterPoint (CNP) up 0.49 at 29.44 – change 1.69%
Entergy (ETR) up 0.60 at 110.13 – change 0.54%
