Crude oil prices and Oklahoma energy stocks take a big slide

 

Crude oil prices plunged nearly 5% to a five-week low in Tuesday’s trading and Oklahoma energy prices slide as well, some tumbling 6% and nearly 7%.

Concerns about the economy brought prices down in the U.S. as politicians debated how to avoid a debt default.

West Texas Intermediate fell $4 a barrel or 5.3% and ended the day at $71.66 on the New York Mercantile Exchange.

The global benchmark, Brent crude, dropped $3.99 or 5% and settled at $75.32 a barrel on ICE Futures Europe.

It was the lowest close for WTI and Brent since March 24 and also was their biggest one-day percentage drop since early January.

Natural gas closed up one cent for a 0.23% gain to $2.22.

Some Oklahoma energy stocks suffered badly including Vital Energy and Empire Petroleum Corp. with nearly 7% falls, Devon Energy and Helmerich and Payne down 5%, Ovintiv 6%, and Mammoth Energy 4%.

Alliance Resource Partners, L.P.
21.16 USD+0.17 
Canoo Inc
0.77 USD−0.0020 
Chesapeake Energy Ord Shs
80.11 USD−2.13 
Coterra Energy Inc
24.31 USD−1.13 
Devon Energy Corp
50.71 USD−2.53 
Empire Petroleum Corp
9.70 USD−0.77 
Gulfport Energy Corp
81.59 USD−2.94 
Helmerich & Payne, Inc.
31.23 USD−1.79 
LSB Industries Inc
8.82 USD−0.12 
Magellan Midstream Partners LP
54.99 USD−0.92 
Mammoth Energy Services Inc
3.50 USD−0.15 
 Matrix Service Co
5.12 USD+0.030 
NGL Energy Partners LP
2.82 USD−0.090 
OGE Energy Corp.
36.82 USD−0.61 
ONE Gas Inc
78.31 USD+0.86 
 ONEOK, Inc.
62.74 USD−2.65 
Ovintiv Inc
33.96 USD−1.99 
PHX Minerals Inc
2.61 USD−0.13 
SandRidge Energy Inc
13.57 USD−0.33 
Unit Corp
43.09 USD−0.41 
Vital Energy Inc
43.15 USD−3.01 
Williams Companies Inc
29.30 USD−1.06 
Wall Street trading halted temporarily as stocks tumble; oil prices down to $32 per barrel | Coronavirus | nola.com
Tuesday brought another down day for other energy stocks according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 2.54 at 34.36 – change 6.89%

Cheniere (LNG) down 3.71 at 149.29 – change 2.43%

Chevron (CVX) down 7.20 at 160.04 – change 4.31%

ConocoPhillips (COP) down 3.89 at 98.64 – change 3.80%

Diamondback Energy (FANG) down 6.88 at 135.05 – change 4.85%

Energy Transfer LP (ET) down 0.22 at 12.69 – change 1.71%

Enterprise Products Partners (EPD) down 0.19 at 26.11 – change 0.73%

EOG Resources (EOG) down 7.03 at 111.61 – change 5.93%

ExxonMobil (XOM) down 4.57 at 110.10 – change 3.99%

Kinder Morgan (KMI) down 0.42 at 16.68 – change 2.46%

Marathon Oil Corp. (MRO) down 1.30 at 22.74 – change 5.41%

NOV Inc. (NOV) down 1.15 at 15.57 – change 6.88%

Occidental Petroleum (OXY) down 1.13 at 60.04 – change 1.85%

Phillips 66 (PSX) down 3.67 at 94.73 – change 3/73%

Pioneer Natural Resources (PXD) down 7.48 at 209.51 – change 3.45%

Tellurian Inc. (TELL) down 0.13 at 1.24 – change 9.49%

Valero (VLO) down 4.63 at 110.78 – change 4.02%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.37 at 91.28 – change 1.48%

CenterPoint (CNP) down 0.63 at 30.05 – change 2.06%

Entergy (ETR) down 0.98 at 106.43 – change 0.92%