Crude oil dropped 3% in Wednesday’s trading as investors grew more worried about the potential for increased interest rates by central banks.
Oklahoma energy stocks were mixed.
West Texas Intermediate crude for April deliveries dropped 3% or $2.41 per barrel and closed at $74.05 on the New York Mercantile Exchange.
Global benchmark Brent crude also fell 3% on a $2.45 a barrel decline to $80.60 on ICE Futures Europe.
March natural gas rose 10 cents to $2.17 per 1,000 cubic feet.
The day’s trading resulted in a mixed effort for Oklahoma energy stocks.
The biggest gains of the day were by Gulfport Energy at 3% and Chesapeake Energy and Ovintiv, each with more than 2% increases. The biggest loss of the day was Canoo EV maker where stocks dropped about 5%.
APA Corp. (Apache) (APA) down 0.20 at 37.86 – change 0.53%
Cheniere (LNG) up 3.98 at 147.86 – change 2.76%
Chevron (CVX) down 0.65 at 160.35 – change 0.41%
ConocoPhillips (COP) down 1.23 at 104.08 – change 1.17%
Diamondback Energy (FANG) up 3.08 at 137.29 – change 2.29%
Energy Transfer LP (ET) up 0.26 at 13.00 – change 2.04%
Enterprise Products Partners (EPD) down 0.11 at 25.85 – change 0.43%
EOG Resources (EOG) down 1.66 at 117.57 – change 1.40%
ExxonMobil (XOM) down 1.44 at 109.73 – change 1.30%
Kinder Morgan (KMI) down 0.03 at 17.32 – change 0.18%
Marathon Oil Corp. (MRO) down 0.31 at 25.11 – change 1.22%
NOV Inc. (NOV) down 0.20 at 21.30 – change 0.94%
Occidental Petroleum (OXY) down 1.40 at 5.42 – change 2.35%
Phillips 66 (PSX) down 0.18 at 99.47 – change 0.19%
Pioneer Natural Resources (PXD) down 0.67 at 205.27 – change 0.33%
Tellurian Inc. (TELL) up 0.11 at 1.49 – change 7.97%
Valero (VLO) down 1.51 at 130.69 – change 1.15%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.03 at 90.82 – change 0.04%
CenterPoint (CNP) down 0.06 at 28.85 – change 0.21%
Entergy (ETR) down 0.10 at 107.50 – change 0.10%