Crude prices dropped on Friday

Crude prices slumped nearly 4% to six month lows – Oklahoma Energy Today

 

As the European Union prepared to enact a ban on Russian crude on Monday, oil futures on Friday dropped 1.5% in trading.

The slip in prices also occurred a few days before the OPEC+ countries were scheduled to meet.

West Texas Intermediate crude for January delivery dropped $1.24 a barrel to $79.98 in trading on the New York Mercantile Exchange.
Global benchmark Brent crude for delivery in February dropped $1.31 and closed at $85.57 a barrel on ICE Futures Europe.

January natural gas fell 46 cents to $6.28 per 1,000 cubic feet.

Most Oklahoma energy stocks recorded gains for the day. The best performance was a 6% gain by Matrix Services.

 

Alliance Resource Partners, L.P.
22.81 USD+0.030 (0.13%)
Chesapeake Energy Ord Shs
101.75 USD−0.43 (0.42%)
Coterra Energy Inc
27.26 USD−0.17 (0.62%)
Devon Energy Corp
68.46 USD+0.18 (0.26%)
Empire Petroleum Corp
13.20 USD+0.010 (0.076%)
Gulfport Energy Corp
78.01 USD+0.73 (0.94%)
Helmerich & Payne, Inc.
50.72 USD+0.94 (1.89%)
LSB Industries Inc
14.87 USD+0.11 (0.78%)
Laredo Petroleum Inc
61.54 USD+0.29 (0.47%)
Magellan Midstream Partners LP
52.48 USD+0.29 (0.56%)
Mammoth Energy Services Inc
5.75 USD+0.19 (3.42%)
Matrix Service Co
5.88 USD+0.34 (6.14%)
NGL Energy Partners LP
1.16 USD+0.0100 (0.87%)
OGE Energy Corp.
39.64 USD−0.19 (0.48%)
ONE Gas Inc
72.84 USD+1.11 (1.55%)
ONEOK, Inc.
67.20 USD0.00 (0.00%)
Ovintiv Inc
55.49 USD+0.99 (1.82%)
PHX Minerals Inc
3.65 USD−0.070 (1.88%)
SandRidge Energy Inc
20.25 USD+0.17 (0.85%)
Unit Corp
60.00 USD+0.96 (1.63%)
Williams Companies Inc
34.96 USD+0.040 (0.11%)
Oil Prices Fall Sharply After a 50% Rally in the Past Week: What's Going on  Now? | The Motley Fool
Other energy stocks recorded gains according to the Texas Energy Report.

Apache (APA) up 0.39 at 47.11 – change 0.83%

Cheniere (LNG) up 0.81 at 174.72 – change 0.47%

Chevron (CVX) down 1.46 at 181.03 – change 0.87%

ConocoPhillips (COP) down 0.88 at 122.18 – change 0.72%

Diamondback Energy (FANG) up 0.76 at 145.46 – change 0.52%

Energy Transfer LP (ET) up 0.09 at 12.53 – change 0.72%

Enterprise Products Partners (EPD) up 0.04 at 24.85 – change 0.16%

EOG Resources (EOG) down 1.57 at 138.97 – change 1.12%

ExxonMobil (XOM) down 0.94 at 109.86 – change 0.85%

Kinder Morgan (KMI) down 0.15 at 19.00 – change 0.79%

Marathon Oil Corp. (MRO) down 0.35 at 29.74 – change 1.17%

National Oilwell Varco (NOV) up 0.30 at 22.55 – change 1.34%

Occidental Petroleum (OXY) down 0.59 at 68.20 – change 0.86%

Phillips 66 (PSX) down 1.38 at 106.66 – change 1.28%

Pioneer Natural Resources (PXD) up 0.34 at 239.41 – change 0.14%

Tellurian Inc. (TELL) up 0.05 at 2.52 – change 2.02%

Valero (VLO) down 4.96 at 127.05 – change 3.76%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.36 at 95.12 – change 1.41%

CenterPoint (CNP) up 0.36 at 30.67 – change 1.17%

Entergy (ETR) down 0.39 at 115.91 – change 0.34%