Crude drops again along with Oklahoma energy stocks

  • December 6, 2022

Oil prices decline as US stocks drop less than expected

 

Another drop for crude oil prices, thanks to the uncertainty of the market. Oklahoma energy stocks also suffered losses in the day’s trading.

West Texas Intermediate crude for January delivery, considered the U.S. benchmark, dropped $2.68 a barrel to settle at $74.25 on the New York Mercantile Exchange.

Global benchmark Brent crude fell below $80 per barrel for the second time in 2022. Brent for February delivery fell $3.33 to $79.35 a barrel on ICE Futures Europe.

January natural gas fell 11 cents to $5.47 per 1,000 cubic feet.

Oklahoma energy stocks suffered losses for the most part on Tuesday as Gulfport Energy dropped nearly 6% and Devon Energy, Empire Petroleum, ONE Gas and Unit Corporation each fell about 4%.

 

Alliance Resource Partners, L.P.
21.61 USD−0.64 (2.88%)
Chesapeake Energy Ord Shs
93.72 USD−2.10 (2.19%)
Coterra Energy Inc
25.80 USD−0.40 (1.53%)
Devon Energy Corp
64.13 USD−2.42 (3.64%)
Empire Petroleum Corp
12.09 USD−0.55 (4.35%)
Gulfport Energy Corp
70.69 USD−4.12 (5.51%)
Helmerich & Payne, Inc.
47.01 USD−0.18 (0.38%)
LSB Industries Inc
14.67 USD+0.040 (0.27%)
Laredo Petroleum Inc
55.15 USD−0.97 (1.73%)
Magellan Midstream Partners LP
50.82 USD−0.83 (1.61%)
Mammoth Energy Services Inc
5.50 USD−0.13 (2.31%)
Matrix Service Co
5.65 USD−0.080 (1.40%)
NGL Energy Partners LP
1.15 USD+0.020 (1.77%)
OGE Energy Corp.
39.90 USD+0.40 (1.01%)
ONE Gas Inc
76.31 USD+3.00 (4.09%)
ONEOK, Inc.
63.60 USD−1.71 (2.62%)
Ovintiv Inc
50.60 USD−0.91 (1.77%)
PHX Minerals Inc
3.48 USD−0.040 (1.14%)
SandRidge Energy Inc
18.27 USD−0.38 (2.04%)
Unit Corp
57.25 USD−2.27 (3.81%)
Williams Companies Inc
33.47 USD−0.71 (2.08%)
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Other energy stocks had the same kind of down day according to the Texas Energy Report.

Apache (APA) down 1.84 at 43.87 – change 4.03%

Cheniere (LNG) down 8.61 at 163.72 – change 5.00%

Chevron (CVX) down 4.55 at 172.01 – change 2.58%

ConocoPhillips (COP) down 3.76 at 115.61 – change 3.15%

Diamondback Energy (FANG) down 3.79 at 138.21 – change 2.67%

Energy Transfer LP (ET) down 0.24 at 11.94 – change 1.98%

Enterprise Products Partners (EPD) down 0.25 at 24.22 – change 1.03%

EOG Resources (EOG) down 6.35 at 127.79 – change 4.74%

ExxonMobil (XOM) down 2.97 at 103.88 – change 2.78%

Kinder Morgan (KMI) down 0.46 at 18.10 – change 2.48%

Marathon Oil Corp. (MRO) down 1.07 at 27.45 – change 3.76%

National Oilwell Varco (NOV) down 0.31 at 20.98 – change 1.46%

Occidental Petroleum (OXY) down 2.23 at 64.12 – change 3.35%

Phillips 66 (PSX) down 1.07 at 103.08 – change 1.03%

Pioneer Natural Resources (PXD) down 4.24 at 226.14 – change 1.84%

Tellurian Inc. (TELL) down 0.13 at 2.27 – change 5.42%

Valero (VLO) down 2.10 at 118.86 – change 1.74%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.85 at 96.37 – change 1.95%

CenterPoint (CNP) up 0.37 at 30.82 – change 1.21%

Entergy (ETR) up 1.68 at 117.08 – change 1.45%

Jerry Bohnen