Not only did crude oil prices take a $5 a barrel plunge in Wednesday’s trading, but Oklahoma energy stocks suffered too, with some falling 8, 9 and 10% value for the day.
Crude prices fell to their lowest level in ore than a year all because of the unease that swelled over Credit Suisse and word that its largest investor could not provide the Swiss bank with more financial help.
West Texas Intermediate crude for April delivery dropped $3.72 a barrel to $67.61 on the New York Mercantile Exchange.
Global benchmark Brent crude dropped $3.76 to close at $73.69 a barrel on ICE Futures Europe.
April natural gas fell 13 cents to $2.44 per 1,000 cubic feet.
Oklahoma energy stocks took a beating with some, like NGL Energy Partners and Ovintiv Inc. each falling more than 10% for the day. Devon Energy, PHX Minerals and Mammoth Energy were down 8%.
APA Corp. (Apache) (APA) down 2.78 at 32.04 – change 7.99%
Cheniere (LNG) down 6.22 at 144.09 – change 1.14%
Chevron (CVX) down 6.96 at 153.80 – change 4.33%
ConocoPhillips (COP) down 6.12 at 95.24 – change 6.04%
Diamondback Energy (FANG) down 9.90 at 122.74 – change 7.47%
Energy Transfer LP (ET) down 0.40 at 11.94 – change 3.25%
Enterprise Products Partners (EPD) down 0.52 at 25.17 – change 2.03%
EOG Resources (EOG) down 6.72 at 101.48 – change 6.22%
ExxonMobil (XOM) down 5.32 at 101.62 – change 4.98%
Kinder Morgan (KMI) down 0.36 at 16.57 – change 2.13%
Marathon Oil Corp. (MRO) down 1.97 at 21.26 – change 8.49%
NOV Inc. (NOV) down 1.19 at 18.04 – change 6.19%
Occidental Petroleum (OXY) down 3.39 at 56.80 – change 5.64%
Phillips 66 (PSX) down 4.30 at 93.65 – change 4.39%
Pioneer Natural Resources (PXD) down 13.39 at 181.85 – change 6.86%
Tellurian Inc. (TELL) down 0.05 at 1.11 – change 4.32%
Valero (VLO) down 7.29 at 124.33 – change 5.54%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 2.34 at 92.59 – change 2.59%
CenterPoint (CNP) up 0.40 at 29.09 – change 1.39%
Entergy (ETR) up 1.40 at 105.09 – change 1.35%