Crude oil prices initially made gains Thursday as investors were optimistic that China’s removal of some anti-COVID restrictions might restore global supply chains. Then, they fell. So did Oklahoma energy stocks.
West Texas Intermediate crude for delivery in January dropped 55 cents a barrel or about 1% to close at $71.46 on the New York Mercantile Exchange.
Global benchmark Brent crude slid $1.02 or more than 1% to finish at $76.15 a barrel in trading on ICE Futures Europe.
January natural gas rose 24 cents or more than 4% to $5.96 per 1,000 cubic feet.
More losses were incurred Thursday by Oklahoma energy stocks including a 4% drop for Laredo Petroleum and 3% slips for Gulfport Energy Corp. and Ovintiv Inc.
Apache (APA) down 0.89 at 42.77 – change 2.04%
Cheniere (LNG) down 5.28 at 163.10 – change 3.19%
Chevron (CVX) up 1.02 at 173.54 – change 0.59%
ConocoPhillips (COP) down 2.28 at 112.60 – change 1.99%
Diamondback Energy (FANG) down 3.68 at 132.88 – change 2.70%
Energy Transfer LP (ET) down 0.21 at 11.70 – change 1.77%
Enterprise Products Partners (EPD) unchanged at 23.86 – change 0.00%
EOG Resources (EOG) down 1.59 at 124.57 – change 1.27%
ExxonMobil (XOM) up 0.77 at 104.42 – change 0.74%
Kinder Morgan (KMI) down 0.27 at 17.77 – change 1.50%
Marathon Oil Corp. (MRO) down 0.57 at 26.84 – change 2.08%
National Oilwell Varco (NOV) up 0.03 at 20.30 – change 0.14%
Occidental Petroleum (OXY) down 0.24 at 63.71 – change 0.38%
Phillips 66 (PSX) down 2.11 at 100.90 – change 2.05%
Pioneer Natural Resources (PXD) down 8.10 at 221.28 – change 3.54%
Tellurian Inc. (TELL) down 0.01 at 2.20 – change 0.46%
Valero (VLO) down 3.29 at 16.90- change 2.74%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.05 at 97.72 – change 1.08%
CenterPoint (CNP) down 0.04 at 30.35 – change 0.14%
Entergy (ETR) up 1.00 at 117.00 – change 0.86%
