Another weak day of trading hit crude oil prices on Thursday and Oklahoma energy stocks had a down day too.
Crude prices dropped nearly 2% to a one-week low as the political standoff over the U.S. debt ceiling stirred up recession jitters in the world’s biggest oil consumer, China.
West Texas Intermediate crude dropped $1.69 per barrel or 2.3% to settle at $70.87 on the New York Mercantile Exchange.
Brent crude, the global benchmark, dropped $1.43 or 1.9% and closed at $74.98 a barrel on Ice Futures Europe.
June natural gas was unchanged at $2.19 per 1,000 cubic feet.
Oklahoma energy stocks had another weak day of trading as LSB Industries dropped 5% and 3% falls were recorded by Mammoth Energy and Ovintiv Inc.
APA Corp. (Apache) (APA) up 0.27 at 33.08 – change 0.85%
Cheniere (LNG) down 1.40 at 146.88 – change 0.94%
Chevron (CVX) down 0.85 at 156.24 – change 0.55%
ConocoPhillips (COP) down 0.60 at 99.88 – change 0.59%
Diamondback Energy (FANG) down 2.84 at 127.66 – change 2.17%
Energy Transfer LP (ET) down 0.13 at 12.33 – change 0.97%
Enterprise Products Partners (EPD) up 0.01 at 25.77 – change 0.07%
EOG Resources (EOG) down 1.65 at 110.51 – change 1.48%
ExxonMobil (XOM) down 1.95 at 105.79 – change 1.81%
Kinder Morgan (KMI) down 0.09 at 16.70 – change 0.54%
Marathon Oil Corp. (MRO) down 0.21 at 22.46 – change 0.91%
NOV Inc. (NOV) down 0.56 at 15.11 – change 3.52%
Occidental Petroleum (OXY) up 1.10 at 57.95 – change 1.93%
Phillips 66 (PSX) down 0.85 at 93.39 – change 0.90%
Pioneer Natural Resources (PXD) down 1.99 at 207.12 – change 0.96%
Tellurian Inc. (TELL) down 0.12 at 1.20 – change 9.10%
Valero (VLO) down 0.35 at 110.66 – change 0.32%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.04 at 90.68 – change 1.14%
CenterPoint (CNP) down 0.38 at 29.90 – change 1.24%
Entergy (ETR) down 1.29 at 106.31 – change 1.20%