Crude oil prices tumbled Friday while OK energy stocks had a slight rebound

Global crude oil prices decline on fears of recession, weak demand outlook, Energy News, ET EnergyWorld

 

Crude oil prices finished the week with two straight days of losses and Energy Secretary Jennifer Granholm’s comments about taking years to refill the Strategic Petroleum Reserve continued having an impact. Plus, there was continued worry as European banking shares fell.

Oklahoma energy stocks also finished the week with stronger gains.

West Texas Intermediate crude dropped 70 cents or 1% to close at $69.26 a barrel on the New York Stock Exchange.

Global benchmark Brent crude finished down 92 cents or 1.2% to $74.99 on ICE Futures Europe.

Most Oklahoma energy stocks rebounded on Friday including OGE Energy Corp with a nearly 4% gain for the day. Others had gains of 2 to 3%.

 Alliance Resource Partners, L.P.
19.26 USD+0.45 
Canoo Inc
0.59 USD+0.026 
Chesapeake Energy Ord Shs
74.30 USD+1.15 
Coterra Energy Inc
23.68 USD+0.58 
Devon Energy Corp
46.57 USD−0.15 
Empire Petroleum Corp
12.45 USD+0.050 
Gulfport Energy Corp
77.66 USD+1.76 
Helmerich & Payne, Inc.
33.79 USD+0.14 
LSB Industries Inc
9.99 USD+0.020 
Magellan Midstream Partners LP
51.57 USD+0.68 
Mammoth Energy Services Inc
3.95 USD−0.070 
Matrix Service Co
4.83 USD−0.060 
NGL Energy Partners LP
2.50 USD+0.0100 
OGE Energy Corp.
35.67 USD+1.21 
ONE Gas Inc
77.02 USD+2.22 
 ONEOK, Inc.
59.48 USD+0.84 
Ovintiv Inc
33.98 USD−0.20 
PHX Minerals Inc
2.44 USD−0.020 
SandRidge Energy Inc
13.95 USD+0.16 
Unit Corp
41.40 USD+0.20 
Vital Energy Inc
42.24 USD+1.20 
Williams Companies Inc
28.74 USD+0.44 
Analyst Looks at Latest Oil Price Moves | Rigzone

Just as Oklahoma energy stocks rebounded Friday, so did other energy stocks according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.50 at 34.51 – change 1.47%

Cheniere (LNG) up 0.68 at 147.33 – change 0.46%

Chevron (CVX) up 1.54 at 156.06 – change 0.99%

ConocoPhillips (COP) down 0.99 at 95.43 – change 1.03%

Diamondback Energy (FANG) down 1.21 at 125.42 – change 0.96%

Energy Transfer LP (ET) up 0.02 at 11.70 – change 0.17%

Enterprise Products Partners (EPD) up 0.34 at 25.31 – change 1.36%

EOG Resources (EOG) up 0.71 at 105.49 – change 0.67%

ExxonMobil (XOM) up 0.12 at 103.53 – change 0.11%

Kinder Morgan (KMI) up 0.40 at 16.79 – change 2.44%

Marathon Oil Corp. (MRO) up 0.16 at 22.16 – change 0.72%

NOV Inc. (NOV) down 0.02 at 17.25 – change 0.12%

Occidental Petroleum (OXY) down 0.30 at 58.18 – change 0.52%

Phillips 66 (PSX) up 0.19 at 93.73 – change 0.20%

Pioneer Natural Resources (PXD) up 3.04 at 192.22 – change 1.60%

Tellurian Inc. (TELL) up 0.06 at 1.05 – change 6.67%

Valero (VLO) down 1.13 at 129.26 – change 0.86%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 3.68 at 89.09 – change 4.30%

CenterPoint (CNP) up 1.02 at 28.34 – change 3.73%

Entergy (ETR) up 3.34 at 103.69 – change 3.32%