Crude oil prices took another major slump in Wednesday’s trading and Oklahoma energy stocks followed suit after the Federal Reserve raised its key interest rate by a quarter-point to the highest level in 16 years.
West Texas Intermediate crude for June delivery dropped $3.06 and fell below $70 to $68.60 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude fell $2.99 to $72.33 a barrel on ICE Futures Europe.
June natural gas fell 4 cents to $2.17 per 1,000 cubic feet.
Many Oklahoma energy stocks suffered again, some falling up to 3% in Wednesday’s trading. However, a few had major gains including Mammoth Energy Services up by 9% and Gulfport Energy by more than 8%.
Most other energy stocks suffered in Wednesday’s trading according to the Texas Energy Report.
APA Corp. (Apache) (APA) down 0.17 at 34.19 – change 0.50%
Cheniere (LNG) down 5.75 at 143.54 – change 3.96%
Chevron (CVX) down 3.25 at 156.79 – change 2.04%
ConocoPhillips (COP) down 2.40 at 96.24 – change 2.44%
Diamondback Energy (FANG) down 6.26 at 128.79 – change 4.64%
Energy Transfer LP (ET) down 0.06 at 12.63 – change 0.48%
Enterprise Products Partners (EPD) down 0.52 at 25.59 – change 2.00%
EOG Resources (EOG) down 0.57 at 111.05 – change 0.51%
ExxonMobil (XOM) down 2.17 at 107.93 – change 1.97%
Kinder Morgan (KMI) down 0.12 at 16.55 – change 0.72%
Marathon Oil Corp. (MRO) down 0.47 at 22.27 – change 2.07%
NOV Inc. (NOV) down 0.26 at 15.31 – change 1.67%
Occidental Petroleum (OXY) down 1.06 at 58.98 – change 1.77%
Phillips 66 (PSX) up 1.31 at 96.04 – change 1.38%
Pioneer Natural Resources (PXD) down 1.78 at 207.73 – change 0.85%
Tellurian Inc. (TELL) up 0.13 at 1.37 – change 10.88%
Valero (VLO) down 3.73 at 107.05 – change 3.37%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.38 at 90.90 – change 0.42%
CenterPoint (CNP) down 0.12 at 29.93 – change 0.39%
Entergy (ETR) down 0.37 at 104.99 – change 0.36%
