Not only did crude oil prices tumble Thursday but so did Oklahoma energy stocks with some falling 6% and 7% for the day.
Crude took a hit after Russia’s Deputy Prime Minister Alexander Novak played down any prospects of more OPEC+ production cuts at the meeting scheduled for next week.
U.S. benchmark, West Texas Intermediate cruder settled down $2.51 per barrel or 3.4% to $71.83 on the New York Mercantile Exchange.
Global benchmark Brent crude dropped $2.10 or 2.7% per barrel and closed at $76.25 on ICE Futures Europe.
June natural gas fell 9 cents to $2.31 per 1,000 cubic feet.
Thursday proved to be a weak day in trading for Oklahoma energy stocks, a scene where SandRidge Energy dropped 6%, Empire Petroleum nearly 7%, Devon Energy and Mammoth Energy each down about 4%.
Alliance Resource Partners, L.P.
APA Corp. (Apache) (APA) down 1.08 at 33.29 – change 3.15%
Cheniere (LNG) down 2.15 at 141.34 – change 1.15%
Chevron (CVX) down 2.71 at 154.56 – change 1.73%
ConocoPhillips (COP) down 2.29 at 101.69 – change 2.21%
Diamondback Energy (FANG) down 3.38 at 131.00 – change 2.52%
Energy Transfer LP (ET) down 0.08 at 12.73 – change 0.55%
Enterprise Products Partners (EPD) down 0.35 at 25.44 – change 1.36%
EOG Resources (EOG) down 2.89 at 110.40 – change 2.56%
ExxonMobil (XOM) down 1.93 at 105.66 – change 1.80%
Kinder Morgan (KMI) down 0.29 at 16.22 – change 1.70%
Marathon Oil Corp. (MRO) down 0.69 at 23.33 – change 2.88%
NOV Inc. (NOV) down 0.41 at 15.22 – change 2.63%
Occidental Petroleum (OXY) down 0.58 at 58.81 – change 0.98%
Phillips 66 (PSX) down 1.42 at 95.14 – change 1.48%
Pioneer Natural Resources (PXD) down 4.74 at 207.60 – change 2.23%
Tellurian Inc. (TELL) down 0.08 at 1.27 – change 5.93%
Valero (VLO) down 1.61 at 113.18 – change 1.41%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 2.67 at 82.50 – change 3.14%
CenterPoint (CNP) down 0.36 at 28.26 – change 1.26%
Entergy (ETR) down 1.75 at 97.22 – change 1.77%
