Another weak day in trading for oil prices and Oklahoma energy stocks

Everything Advisors Need to Know About the Outlook for Crude Oil Prices | ETF Trends

Crude oil prices and Oklahoma energy stocks took dives in Monday’s trading—crude oil by 4% and some energy stocks by 6%.

The drop in crude came after analysts pointed to increasing global supplies and concerns about demand growth. Their worries were expressed as the U.S. Federal Reserve meets later in the week.

West Texas Intermediate crude dropped $3.05 a barrel or 4.4% to close at $67.12 on the New York Mercantile Exchange.

Brent crude, the global benchmark, fell $2.95 or 3.9% a barrel and finished at $71.84 on ICE Futures Europe.

July natural gas rose 2 cents to $2.27 per 1,000 cubic feet.

Monday was not a strong day at all for Oklahoma energy stocks. NGL Energy led the way with a 6% loss while others, Empire Petroleum, SandRidge Energy and Vital Energy dropped 4%.

 

Alliance Resource Partners, L.P.
17.51 USD−0.40 
Canoo Inc
0.54 USD+0.014 
Chesapeake Energy Ord Shs
78.94 USD−0.96 
Coterra Energy Inc
24.46 USD−0.11 
 Devon Energy Corp
49.40 USD−0.48 
Empire Petroleum Corp
11.01 USD−0.45 
Gulfport Energy Corp
98.61 USD−2.44 
Helmerich & Payne, Inc.
33.64 USD−1.16 
 LSB Industries Inc
10.35 USD+0.13 
Magellan Midstream Partners LP
59.55 USD−0.51 
Mammoth Energy Services Inc
4.25 USD−0.020 
Matrix Service Co
5.78 USD−0.030 
NGL Energy Partners LP
3.63 USD−0.23 
OGE Energy Corp.
36.21 USD−0.040 
 ONE Gas Inc
80.53 USD−1.69 
ONEOK, Inc.
59.80 USD−0.040 
Ovintiv Inc
37.61 USD−0.11 
PHX Minerals Inc
3.01 USD0.00 
SandRidge Energy Inc
14.04 USD−0.53 
Unit Corp
50.00 USD−0.20 
Vital Energy Inc
42.62 USD−1.91 
Williams Companies Inc
30.56 USD+0.17 

Other energy stocks also suffered in Monday’s trading according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.35 at 33.06 – change 1.05%

Cheniere (LNG) down 2.59 at 144.55 – change 1.77%

Chevron (CVX) down 1.53 at 157.33 – change 0.97%

ConocoPhillips (COP) down 1.07 at 102.82 – change 1.03%

Diamondback Energy (FANG) down 2.54 at 129.74 – change 1.93%

Energy Transfer LP (ET) down 0.13 at 12.61 – change 1.03%

Enterprise Products Partners (EPD) down 0.06 at 25.95 – change 0.24%

EOG Resources (EOG) down 2.33 at 113.92 – change 2.01%

ExxonMobil (XOM) down 0.97 at 106.42 – change 0.91%

Kinder Morgan (KMI) down 0.15 at 16.89 – change 0.83%

Marathon Oil Corp. (MRO) down 0.30 at 23.25 – change 1.28%

NOV Inc. (NOV) down 0.15 at 15.34 – change 0.91%

Occidental Petroleum (OXY) down 0.13 at 59.19 – change 0.22%

Phillips 66 (PSX) down 1.98 at 96.78 – change 2.01%

Pioneer Natural Resources (PXD) down 3.15 at 201.65 – change 1.54%

Tellurian Inc. (TELL) down 0.08 at 1.20 – change 5.52%

Valero (VLO) down 0.31 at 113.08 – change 0.28%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.01 at 83.69 – change 0.01%

CenterPoint (CNP) up 0.17 at 29.12 – change 0.58%

Entergy (ETR) down 0.15 at 101.29 – change 0.15%