Oklahoma energy stocks rebounded Wednesday while crude oil dropped 5%

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Another tough day for crude oil prices as they dropped more than 5% or $4 a barrel in Wednesday’s trading largely because of the global economy and rising COVID-19 cases in China.

Oklahoma energy prices on the other hand, rebounded from Tuesday’s tough day. One local stock soared 22%.

West Texas Intermediate crude for February delivery fell $4.09 a barrel, or 5.3% to settle at $72.84 on the New York Mercantile Exchange

Global benchmark Brent crude suffered a drop of $4.26 or 5.2% to close at $77.84.  Combined with the 4% drop on Tuesday, Brent has fallen 9.4% marking the greatest two-day loss at the start of a new year since 1991.

February natural gas rose 18 cents to $4.17 per 1,000 cubic feet.

Following a nearly disastrous day on Tuesday, Oklahoma energy stocks recorded gains in Wednesday’s trading. NGL Energy Partners recorded the biggest jump with a 22% increase.

 

Alliance Resource Partners, L.P.
19.60 USD−0.090 
Chesapeake Energy Ord Shs
89.28 USD+3.15 
Coterra Energy Inc
23.98 USD+0.77 
Devon Energy Corp
58.90 USD+0.78 
Empire Petroleum Corp
11.35 USD+0.29 
Gulfport Energy Corp
70.62 USD−0.060 
Helmerich & Payne, Inc.
46.48 USD+0.34 
LSB Industries Inc
12.98 USD+0.18 
Laredo Petroleum Inc
48.05 USD−0.38 
Magellan Midstream Partners LP
50.54 USD+0.33 
Mammoth Energy Services Inc
7.06 USD+0.33 
Matrix Service Co
6.72 USD+0.39 
 NGL Energy Partners LP
1.39 USD+0.25 
 OGE Energy Corp.
39.56 USD+0.060 
ONE Gas Inc
77.17 USD+0.87 
ONEOK, Inc.
64.44 USD+0.51 
Ovintiv Inc
46.71 USD−0.26 
PHX Minerals Inc
3.78 USD+0.060 
SandRidge Energy Inc
16.13 USD+0.16 
Unit Corp
56.35 USD−0.17 
Williams Companies Inc
32.35 USD+0.18 
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Other energy stocks rebounded too according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 1.47 at 42.15 – change 3.38%

Cheniere (LNG) up 4.16 at 144.69 – change 2.96%

Chevron (CVX) down 1.85 at 172.14 – change 1.07%

ConocoPhillips (COP) up 0.22 at 113.34 – change 0.19%

Diamondback Energy (FANG) down 0.76 at 130.62 – change 0.58%

Energy Transfer LP (ET) up 0.04 at 11.66 – change 0.34%

Enterprise Products Partners (EPD) up 0.11 at 24.34 – change 0.45%

EOG Resources (EOG) down 0.09 at 124.36 – change 0.08%

ExxonMobil (XOM) up 0.31 at 106.82 – change 0.29%

Kinder Morgan (KMI) up 0.22 at 18.23 – change 1.22%

Marathon Oil Corp. (MRO) down 0.32 at 25.32 – change 1.25%

NOV Inc. (NOV) up 0.31 at 20.16 – change 1.56%

Occidental Petroleum (OXY) up 0.06 at 61.11 – change 0.09%

Phillips 66 (PSX) down 0.35 at 100.68 – change 0.35%

Pioneer Natural Resources (PXD) up 2.80 at 223.05 – change 1.27%

Tellurian Inc. (TELL) up 0.14 at 1.74 – change 9.75%

Valero (VLO) down 0.42 at 119.62 – change 0.35%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.65 at 95.52 – change 0.68%

CenterPoint (CNP) up 0.09 at 29.65 – change 0.30%

Entergy (ETR) up 0.08 at 109.21 – change 0.07%