On the first day of trading for the New Year, crude oil prices and Oklahoma energy stocks tumbled in value. One energy company plunged more than 22%.
Oil prices dropped 4% and weak demand data from China and a stronger U.S. dollar were to blame.
West Texas Intermediate crude slid more than 4% or $3.33 to $76.93 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude dropped $3.81 or 4.4% to settle at $82.10 a barrel on ICE Futures Europe. It was the largest daily decline in more than three months.
February natural gas fell 49 cents to $3.99 per 1,000 cubic feet.
The majority of Oklahoma energy stocks recorded losses in Tuesday’s trading including Chesapeake Energy with a nearly 9% drop and Empire Petroleum suffering a 10% loss. The biggest loser for the day was Mammoth Energy which suffered a severe decline of more than 22%.
APA Corp. (Apache) (APA) down 3.06 at 43.62 – change 6.56%
Cheniere (LNG) down 9.43 at 140.53 – change 6.29%
Chevron (CVX) down 5.50 at 173.99 – change 3.07%
ConocoPhillips (COP) down 4.88 at 113.12 – change 4.14%
Diamondback Energy (FANG) down 5.40 at 131.38 – change 3.95%
Energy Transfer LP (ET) down 0.25 at 11.62 – change 2.11%
Enterprise Products Partners (EPD) up 0.11 at 24.23 – change 0.45%
EOG Resources (EOG) down 5.07 at 124.45 – change 3.92%
ExxonMobil (XOM) down 3.79 at 106.51 – change 3.44%
Kinder Morgan (KMI) down 0.08 at 18.01 – change 0.39%
Marathon Oil Corp. (MRO) down 1.43 at 25.64 – change 5.29%
NOV Inc. (NOV) down 1.04 at 19.85 – change 4.98%
Occidental Petroleum (OXY) down 1.94 at 61.05 – change 3.08%
Phillips 66 (PSX) down 3.05 at 101.03 – change 2.94%
Pioneer Natural Resources (PXD) down 8.14 at 220.25 – change 3.57%
Tellurian Inc. (TELL) down 0.08 at 1.60 – change 4.77%
Valero (VLO) down 6.82 at 120.04 – change 5.38%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.08 at 94.87 – change 0.09%
CenterPoint (CNP) down 0.43 at 29.56 – change 1.44%
Entergy (ETR) down 3.37 at 109.13 – change 3.00%
