Russia’s decision to cut crude production prompts slight gain for crude oil prices

Oil prices spike after Russia announces 5 per cent oil output cut in March, Energy News, ET EnergyWorld

 

Crude oil prices made small gains on Monday as investors wondered how Russia’s plans to cut crude production might impact trading. A few Oklahoma energy stocks recorded significant gains for the day.

West Texas Intermediate crude managed a 42-cent increase or 0.5% to reach $80.14 per barrel on the New York Mercantile Exchange.

Brent crude for April delivery went up 22 cents a barrel for a 0.3% gain to $86.61 on ICE Futures Europe.

March natural gas fell 11 cents to $2.40 per 1,000 cubic feet.

Oklahoma energy stocks were split in Monday’s trading with some making gains and others recording losses. NGL Energy Partners jumped nearly 28% while Mammoth Energy managed a 5% gain.

 Alliance Resource Partners, L.P.
21.30 USD−0.20 
Chesapeake Energy Ord Shs
83.47 USD−0.37 
Canoo Inc
0.90 USD−0.091 
Coterra Energy Inc
25.01 USD−0.060 
Devon Energy Corp
63.56 USD−0.0100 
Empire Petroleum Corp
12.71 USD+0.14 
Gulfport Energy Corp
64.00 USD−2.22 
Helmerich & Payne, Inc.
45.97 USD+0.73 
LSB Industries Inc
12.18 USD+0.010 
 Magellan Midstream Partners LP
53.00 USD−0.17 
Mammoth Energy Services Inc
6.50 USD+0.30 
Matrix Service Co
6.93 USD−0.50 
NGL Energy Partners LP
2.68 USD+0.58 
OGE Energy Corp.
38.82 USD+0.35 
ONE Gas Inc
82.14 USD+0.68 
ONEOK, Inc.
69.90 USD+0.43 
Ovintiv Inc
48.38 USD−0.46 
PHX Minerals Inc
3.11 USD−0.080 
 SandRidge Energy Inc
15.71 USD−0.18 
Unit Corp
49.90 USD−0.90 
Vital Energy Inc
55.02 USD−0.14 
Williams Companies Inc
31.81 USD−0.010 
Many other energy stocks had a ‘down’ day in trading according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 1.05 at 42.51 – change 2.42%

Cheniere (LNG) down 4.17 at 147.80 – change 2.75%

Chevron (CVX) down 0.96 at 171.01 – change 0.56%

ConocoPhillips (COP) down 2.25 at 112.31 – change 1.96%

Diamondback Energy (FANG) down 1.06 at 148.22 – change 0.72%

Energy Transfer LP (ET) up 0.11 at 12.95 – change 0.85%

Enterprise Products Partners (EPD) up 0.01 at 26.38 – change 0.03%

EOG Resources (EOG) down 0.86 at 133.28 – change 0.65%

ExxonMobil (XOM) down 0.46 at 117.80 – change 0.39%

Kinder Morgan (KMI) up 0.03 at 18.39 – change 0.16%

Marathon Oil Corp. (MRO) down 0.42 at 27.33 – change 1.52%

NOV Inc. (NOV) down 0.08 at 23.96 – change 0.34%

Occidental Petroleum (OXY) down 0.87 at 64.76 – change 1.33%

Phillips 66 (PSX) up 0.88 at 108.26 – change 0.81%

Pioneer Natural Resources (PXD) up 1.06 at 232.45 – change 0.45%

Tellurian Inc. (TELL) down 0.02 at 1.79 – change 1.11%

Valero (VLO) up 0.09 at 139.80 – change 0.06%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.54 at 91.09 – change 0.59%

CenterPoint (CNP) up 0.16 at 29.47 – change 0.54%

Entergy (ETR) up 0.04 at 105.83 – change 0.03%