Crude oil prices rose 1% in Tuesday’s trading but some Oklahoma energy stocks dropped nearly 11% in value. The gain in oil prices came about because of forecasts for a tighter gasoline market—-plus a Saudi energy minister’s warning to speculators.
West Texas Intermediate crude, considered the US benchmark, rose 86 cents or 1.2% to reach $72.91 barrel on the New York Mercantile Exchange.
Global benchmark, Brent crude, rose 85 cents or 1.1% and finished at $76.84 a barrel on ICE Futures Europe.
Natural gas dropped 8 cents or 3.29% to close at $2.32 per thousand cubic feet.
While some Oklahoma energy stocks managed weak gains for the other, others suffered big declines such as SandRidge Energy. It dropped nearly 12% in Tuesday’s trading
APA Corp. (Apache) (APA) up 0.44 at 33.90 – change 1.31%
Cheniere (LNG) up 1.67 at 145.60 – change 1.16%
Chevron (CVX) down 4.41 at 156.85 – change 2.85%
ConocoPhillips (COP) up 0.66 at 104.39 – change 0.63%
Diamondback Energy (FANG) up 0.48 at 132.93 – change 0.36%
Energy Transfer LP (ET) up 0.03 at 12.76 – change 0.23%
Enterprise Products Partners (EPD) up 0.03 at 26.06 – change 0.11%
EOG Resources (EOG) down 0.09 at 113.46 – change 0.08%
ExxonMobil (XOM) up 1.43 at 106.40 – change 1.36%
Kinder Morgan (KMI) up 0.01 at 16.54 – change 0.06%
Marathon Oil Corp. (MRO) up 0.21 at 23.64 – change 0.89%
NOV Inc. (NOV) up 0.23 at 15.52 – change 1.150%
Occidental Petroleum (OXY) up 0.64 at 59.68 – change 1.08%
Phillips 66 (PSX) up 0.08 at 95.64 – change 0.08%
Pioneer Natural Resources (PXD) up 2.98 at 214.02 – change 1.41%
Tellurian Inc. (TELL) up 0.01 at 1.42 – change 0.70%
Valero (VLO) down 0.29 at 112.50 – change 0.26%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.41 at 86.00 – change 0.48%
CenterPoint (CNP) up 0.31 at 28.86 – change 1.08%
Entergy (ETR) down 0.13 at 100.29 – change 0.13%