While crude oil prices took a tumble in Thursday’s trading, Oklahoma energy stocks recorded gains for the day.
Crude oil prices dropped because of the surge in COVID cases in China, something that resulted in growing fears of a global economic downturn.
West Texas Intermediate crude for delivery in February slipped 56 cents to $78.40 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for February delivery dropped $1 to $82.26 a barrel on ICE Futures Europe.
February natural gas fell 15 cents to $4.56 per 1,000 cubic feet.
Oklahoma energy stocks made up some of the losses recorded in Wednesday’s trading as Helmerich & Payne had a 5% gain and Mammoth Energy shot up nearly 9%.
APA Corp. (Apache) (APA) up 0.73 at 45.91 – change 1.61%
Cheniere (LNG) up 0.40 at 149.86 – change 0.26%
Chevron (CVX) up 1.34 at 178.32 – change 0.75%
ConocoPhillips (COP) up 1.08 at 116.39 – change 0.93%
Diamondback Energy (FANG) up 1.81 at 136.28 – change 1.34%
Energy Transfer LP (ET) up 0.19 at 11.86 – change 1.62%
Enterprise Products Partners (EPD) up 0.46 at 24.22 – change 1.93%
EOG Resources (EOG) up 1.23 at 128.63 – change 0.96%
ExxonMobil (XOM) up 0.82 at 109.20 – change 0.75%
Kinder Morgan (KMI) up 0.22 at 18.14 – change 1.22%
Marathon Oil Corp. (MRO) up 0.20 at 26.78 – change 0.75%
NOV Inc. (NOV) up 0.56 at 20.69 – change 2.78%
Occidental Petroleum (OXY) up 0.20 at 62.28 – change 0.32%
Phillips 66 (PSX) up 1.96 at 104.11 – change 1.91%
Pioneer Natural Resources (PXD) up 2.29 at 226.68 – change 1.02%
Tellurian Inc. (TELL) up 0.06 at 1.77 – change 3.50%
Valero (VLO) up 0.97 at 126.32 – change 0.77%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.65 at 96.01 – change 0.68%
CenterPoint (CNP) down 0.04 at 30.48 – change 0.14%
Entergy (ETR) up 1.12 at 114.09 – change 0.99%