Wednesday’s trading brought another decline in crude oil prices, even with a big drawdown in U.S. crude stocks.
US benchmark, West Texas Intermediate dropped $1.61 or 2% to $79.38 on the New York Mercantile Exchange. The fall came a day after WTI dropped $1.52 or 1.8%.
Brent crude, the global benchmark, declined $1.44 or 1.7% and closed at $83.45 a barrel on ICE Futures Europe.
Both benchmarks fell more than 1% in the previous session to their lowest since Aug. 8. Brent slid $1.32 or 1.5% in Tuesday’s trading.
Natural gas down 0.07 at $2.59 – change 2.52%
Oklahoma energy stocks were split for the day with some recording gains and others losses. Gains were moderate with up to 2% increases while the losses were closer to the 1% range.
Other energy stocks had the same kind of day, according to the Texas Energy Report.
APA Corp. (Apache) (APA) down 0.22 at 43.64 – change 0.51%
Cheniere (LNG) down 2.17 at 160.19 – change 1.34%
Chevron (CVX) down 0.61 at 158.63 – change 0.39%
ConocoPhillips (COP) down 0.87 at 114.64 – change 0.76%
Diamondback Energy (FANG) down 0.49 at 146.91 – change 0.34%
Energy Transfer LP (ET) up 0.21 at 12.77 – change 1.67%
Enterprise Products Partners (EPD) down 0.26 at 26.32 – change 0.98%
EOG Resources (EOG) down 0.54 at 128.60 – change 0.42%
ExxonMobil (XOM) down 1.82 at 106.34 – change 1.69%
Kinder Morgan (KMI) down 0.15 at 17.21 – change 0.87%
Marathon Oil Corp. (MRO) down 0.30 at 25.56 – change 1.17%
NOV Inc. (NOV) down 0.03 at 20.34 – change 0.15%
Occidental Petroleum (OXY) down 1.00 at 62.55 – change 1.58%
Phillips 66 (PSX) down 0.16 at 113.27 – change 0.15%
Pioneer Natural Resources (PXD) up 0.43 at 234.15 – change 0.18%
Tellurian Inc. (TELL) down 0.03 at 1.28 – change 2.30%
Valero (VLO) down 0.20 at 130.94 – change 0.16%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.09 at 79.19 – change 0.11%
CenterPoint (CNP) up 0.05 at 28.11 – change 0.17%
Entergy (ETR) up 0.96 at 95.58 – change 1.01%