Crude oil prices took a mean hit on Tuesday, tumbling by $3 a barrel after U.S. Fed chairman Jerome Powell’s comments about the economy simply fueled rate hike fears.
West Texas Intermediate crude nose-dived by $2.88 a barrel or 3.6% to close at $77.58 on the New York Mercantile Exchange.
Brent crude fell even more, dropping 3.4% on a $2.89 a barrel slide to settle at $83.29 on ICE Futures Europe.
For both WTI and Brent, it was their biggest single day percentage declines since Jan. 4 of this year.
APA Corp. (Apache) (APA) down 1.02 at 39.13 – change 2.55%
Cheniere (LNG) down 0.84 at 155.71 – change 0.54%
Chevron (CVX) up 2.14 at 164.03 – change 1.29%
ConocoPhillips (COP) down 1.91 at 107.65 – change 1.75%
Diamondback Energy (FANG) down 0.81 at 142.74 – change 0.57%
Energy Transfer LP (ET) down 0.08 at 13.13 – change 0.54%
Enterprise Products Partners (EPD) down 0.11 at 26.12 – change 0.42%
EOG Resources (EOG) down 2.65 at 118.26 – change 2.20%
ExxonMobil (XOM) down 2.21 at 111.61 – change 1.94%
Kinder Morgan (KMI) down 0.27 at 17.35 – change 1.54%
Marathon Oil Corp. (MRO) down 0.58 at 25.66 – change 2.22%
NOV Inc. (NOV) down 0.29 at 22.79 – change 1.22%
Occidental Petroleum (OXY) down 0.83 at 60.85 – change 1.35%
Phillips 66 (PSX) down 2.19 at 101.79 – change 2.11%
Pioneer Natural Resources (PXD) down 3.26 at 206.33 – change 1.56%
Tellurian Inc. (TELL) down 0.09 at 1.41 – change 6.00%
Valero (VLO) down 2.73 at 136.96 – change 1.96%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.74 at 88.63 – change 0.83%
CenterPoint (CNP) down 0.71 at 27.81 – change 2.49%
Entergy (ETR) down 2.71 at 103.10 – change 2.57%