Crude oil prices dropped after 3 straight days of gains

Drop in gasoline demand sends crude prices down – Oklahoma Energy Today

 

Some Oklahoma energy stocks recorded a more than 9% gain in Thursday’s trading as crude oil prices fell about 2% because of the fuel demand outlook and more interest rate hikes by global central banks.

Crude prices dropped after three straight days of gains. West Texas Intermediate crude for January delivery dropped $1.17 or 1.5% to $76.11 on the New York Mercantile Exchange.

Global benchmark Brent crude for February delivery fell $1.49 or 1.8% to close at $81.21 a barrel on ICE Futures Europe.

January natural gas rose 54 cents to $6.97 per 1,000 cubic feet.

Oklahoma energy stocks had a mixed response to the day, some up and some down. Among those who had a positive day were PHX Minerals with a 9.5% gain and Mammoth Energy up 4%. Empire Petroleum led the losers with a more than 8% loss.

Alliance Resource Partners, L.P.
21.79 USD+0.33 (1.54%)
Chesapeake Energy Ord Shs
98.92 USD−0.24 (0.24%)
Coterra Energy Inc
25.33 USD+0.62 (2.51%)
Devon Energy Corp
61.58 USD−0.33 (0.53%)
Empire Petroleum Corp
11.19 USD−1.01 (8.28%)
Gulfport Energy Corp
72.74 USD+2.56 (3.65%)
Helmerich & Payne, Inc.
47.34 USD−0.71 (1.48%)
LSB Industries Inc
13.86 USD−0.39 (2.74%)
Laredo Petroleum Inc
52.61 USD−0.60 (1.13%)
Magellan Midstream Partners LP
50.55 USD+0.18 (0.36%)
Mammoth Energy Services Inc
6.60 USD+0.24 (3.77%)
Matrix Service Co
6.09 USD+0.070 (1.16%)
NGL Energy Partners LP
1.10 USD+0.030 (2.80%)
OGE Energy Corp.
39.98 USD−0.55 (1.36%)
ONE Gas Inc
76.24 USD−2.64 (3.35%)
ONEOK, Inc.
64.68 USD−1.91 (2.87%)
Ovintiv Inc
51.24 USD+1.08 (2.15%)
PHX Minerals Inc
4.15 USD+0.36 (9.50%)
SandRidge Energy Inc
17.78 USD−0.15 (0.84%)
Unit Corp
57.60 USD−0.40 (0.69%)
Williams Companies Inc
33.50 USD−0.22 (0.65%)

What Do Rising Interest Rates Mean for You? - Effects & How to Prepare

 

Many other energy stocks recorded a negative day according to the Texas Energy Report.

Apache (APA) up 0.01 at 45.05 – change 0.02%

Cheniere (LNG) down 2.60 at 160.60 – change 1.60%

Chevron (CVX) down 1.29 at 171.04 – change 0.75%

ConocoPhillips (COP) down 0.32 at 112.55 – change 0.29%

Diamondback Energy (FANG) up 0.54 at 137.38 – change 0.39%

Energy Transfer LP (ET) down 0.13 at 11.66 – change 1.11%

Enterprise Products Partners (EPD) down 0.18 at 24.16 – change 0.74%

EOG Resources (EOG) up 0.70 at 126.63 – change 0.55%

ExxonMobil (XOM) down 1.02 at 105.44 – change 0.96%

Kinder Morgan (KMI) down 0.15 at 17.96 – change 0.83%

Marathon Oil Corp. (MRO) up 0.39 at 27.86 – change 1.41%

National Oilwell Varco (NOV) up 0.05 at 20.30 – change 0.24%

Occidental Petroleum (OXY) down 0.52 at 63.16 – change 0.82%

Phillips 66 (PSX) up 0.19 at 101.47 – change 0.18%

Pioneer Natural Resources (PXD) down 0.51 at 224.61 – change 0.23%

Tellurian Inc. (TELL) up 0.04 at 2.35 – change 1.73%

Valero (VLO) up 0.19 at 119.92 – change 0.15%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 2.92 at 95.57 – change 2.97%

CenterPoint (CNP) down 0.32 at 30.63 – change 1.04%

Entergy (ETR) down 1.65 at 116.79 – change 1.40%