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%.
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%
