Increase in US crude supplies sent oil prices downward on Wednesday

After hitting a 10-month high, crude oil prices dropped in Wednesday’s trading, largely because of a surprise increase in U.S. crude inventories.

US Benchmark West Texas Intermediate crude fell 32 cents and settled at $88.52 after hitting a session high of $89.64 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude slipped 18 cents and closed at $91.88 a barrel on ICE Futures Europe. It reached a high of $92.84 a barrel earlier in the session.

 October natural gas fell 6 cents to $2.68 per 1,000 cubic feet.

There was a mix of trading for Oklahoma energy stocks with losers and gainers.

Alliance Resource Partners, L.P.
20.40 USD+0.42 
Canoo Inc
0.51 USD−0.015 
Chesapeake Energy Ord Shs
87.25 USD−0.95 
Coterra Energy Inc
28.30 USD−0.16 
Devon Energy Corp
50.66 USD−0.74 
 Empire Petroleum Corp
8.35 USD−0.100 
Gulfport Energy Corp
120.05 USD−1.70 
Helmerich and Payne Inc
45.23 USD−0.12 
LSB Industries Inc
10.29 USD−0.27 
Magellan Midstream Partners LP
68.18 USD+0.30 
Mammoth Energy Services Inc
5.01 USD−0.12 
Matrix Service Co
9.23 USD+0.16 
NGL Energy Partners LP
3.80 USD−0.070 
OGE Energy Corp
35.21 USD+0.31 
ONE Gas Inc
74.07 USD+0.100 
ONEOK, Inc.
67.00 USD+0.68 
Ovintiv Inc
48.04 USD−0.27 
PHX Minerals Inc
3.61 USD−0.050 
SandRidge Energy Inc
16.48 USD−0.32 
Unit Corp
56.39 USD+0.34 
Vital Energy Inc
58.95 USD−0.56 
Williams Companies Inc
34.26 USD+0.11 

Other energy stocks recorded losses too. The Texas Energy Report had the results.

APA Corp. (Apache) (APA) down 2.10 at 42.10 – change 4.76%

Cheniere (LNG) down 1.37 at 162.72 – change 0.84%

Chevron (CVX) down 0.61 at 166.20 – change 0.37%

ConocoPhillips (COP) down 0.77 at 122.31 – change 0.63%

Diamondback Energy (FANG) down 0.52 at 155.79 – change 0.34%

Energy Transfer LP (ET) down 0.12 at 13.54 – change 0.88%

Enterprise Products Partners (EPD) up 0.11 at 26.96 – change 0.40%

EOG Resources (EOG) down 1.18 at 132.91 – change 0.89%

ExxonMobil (XOM) down 1.05 at 116.44 – change 0.90%

Kinder Morgan (KMI) up 0.03 at 17.16 – change 0.17%

Marathon Oil Corp. (MRO) down 0.57 at 26.57 – change 2.07%

NOV Inc. (NOV) down 0.79 at 20.45 – change 3.72%

Occidental Petroleum (OXY) down 0.11 at 66.31 – change 0.17%

Phillips 66 (PSX) down 1.12 at 123.17 – change 0.90%

Pioneer Natural Resources (PXD) down 0.36 at 235.83 – change 0.16%

Tellurian Inc. (TELL) down 0.06 at 1.22 – change 4.69%

Valero (VLO) down 0.78 at 145.47 – change 0.54%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.51 at 79.33 – change 1.94%

CenterPoint (CNP) up 0.34 at 28.64 – change 1.20%

Entergy (ETR) up 1.35 at 97.09 – change 1.41%