Crude oil made more gains but Oklahoma energy stocks suffered in Wednesday’s trading

 

Crude oil prices made another 2% gain on Wednesday but it didn’t help Oklahoma energy stocks as some slid as much as 10% in the day’s trading.

The one-week high of crude oil prices came as the dollar fell to a six-week low when the U.S. Federal Reserve implemented an expected small rate hike.

West Texas Intermediate crude rose 1.8% on a $1.23 a barrel gain before closing at $70.90 on the New York Mercantile Exchange.

Global benchmark Brent crude also rose 1.8% with a $1.37 a barrel increase to $76.69 on ICE Futures Europe.

That was the highest closes for both crude benchmarks since March 14 reported Reuters.

 April natural gas fell 18 cents to $2.17 per 1,000 cubic feet.

Wednesday was a tough day for most Oklahoma energy stocks as Empire Petroleum plunged nearly 10% and NGL Energy Partners dropped more than 7%.

Alliance Resource Partners, L.P.
19.23 USD−0.50 
Canoo Inc
0.58 USD−0.11 
Chesapeake Energy Ord Shs
73.78 USD−1.16 
Coterra Energy Inc
23.50 USD−0.63 
Devon Energy Corp
47.76 USD−1.30 
Empire Petroleum Corp
12.08 USD−1.32 
Gulfport Energy Corp
75.12 USD−3.53 
Helmerich & Payne, Inc.
34.68 USD−1.71 
LSB Industries Inc
10.44 USD−0.28 
Magellan Midstream Partners LP
51.31 USD−0.87 
Mammoth Energy Services Inc
4.30 USD−0.32 
Matrix Service Co
4.84 USD−0.19 
NGL Energy Partners LP
2.67 USD−0.21 
OGE Energy Corp.
35.14 USD−0.88 
ONE Gas Inc
75.62 USD−1.83 
ONEOK, Inc.
60.22 USD−1.67 
Ovintiv Inc
34.43 USD−1.42 
PHX Minerals Inc
2.49 USD−0.020 
SandRidge Energy Inc
14.02 USD−0.47 
Unit Corp
42.90 USD+2.46 
Vital Energy Inc
42.11 USD−0.86 
Williams Companies Inc
28.64 USD−0.54 

Will the Gap Between Oil & Gasoline Prices Narrow Down ? - TipRanks.com

Other energy stocks had the same ‘down’ day according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.69 at 34.35 – change 1.97%

Cheniere (LNG) down 1.53 at 147.43 – change 1.03%

Chevron (CVX) down 3.24 at 156.07 – change 2.04%

ConocoPhillips (COP) down 1.34 at 98.37 – change 1.35%

Diamondback Energy (FANG) down 2.66 at 127.96 – change 2.04%

Energy Transfer LP (ET) down 0.35 at 11.76 – change 2.90%

Enterprise Products Partners (EPD) down 0.18 at 24.94 – change 0.72%

EOG Resources (EOG) down 2.89 at 105.73 – change 2.67%

ExxonMobil (XOM) down 2.46 at 104.59 – change 2.29%

Kinder Morgan (KMI) down 0.20 at 16.62 – change 1.19%

Marathon Oil Corp. (MRO) down 0.68 at 22.28 – change 2.97%

NOV Inc. (NOV) down 0.73 at 17.62 – change 3.98%

Occidental Petroleum (OXY) down 1.56 at 60.24 – change 2.59%

Phillips 66 (PSX) down 0.86 at 94.69 – change 0.91%

Pioneer Natural Resources (PXD) down 5.53 at 189.81 – change 2.84%

Tellurian Inc. (TELL) down 0.08 at 1.07 – change 6.96%

Valero (VLO) down 0.42 at 131.77 – change 0.32%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 2.05 at 86.85 – change 2.31%

CenterPoint (CNP) down 0.59 at 27.65 – change 2.09%

Entergy (ETR) down 2.72 at 100.43 – change 2.64%