Oh, those worries about what a tighter supply of crude oil will bring. They sent crude oil prices up nearly 1% higher on Tuesday while Oklahoma energy stocks dropped up to 3% and 4%.
West Texas Intermediate crude futures climbed 71 cents or 0.8% to close at $90.39—-rising back above $90 a barrel again on the New York Mercantile Exchange.
Global benchmark Brent crude finished up 67 cents or 0.7% at $93.96 a barrel on ICE Futures Europe.
Natural gas finished up 2 cents or 0.64% at $2.66.
Both WTI and Brent rebounded from a slump to a two-week low in early trading.
But the day’s trading brought losses for most Oklahoma energy stocks. OGE had the biggest drop of the day at nearly 4% while ONE Gas and ONEOK each fell 3%.
Other energy stocks had a weak day in trading, according to the Texas Energy Report.
APA Corp. (Apache) (APA) up 0.03 at 41.05 – change 0.07%
Cheniere (LNG) down 2.13 at 162.01 – change 1.30%
Chevron (CVX) down 0.91 at 167.80 change 0.54%
ConocoPhillips (COP) down 0.93 at 120.14 – change 0.77%
Diamondback Energy (FANG) up 0.42 at 153.06 – change 0.27%
Energy Transfer LP (ET) down 0.15 at 13.86 – change 1.08%
Enterprise Products Partners (EPD) down 0.20 at 27.21 – change 0.73%
EOG Resources (EOG) up 1.23 at 126.88 – change 20.97%
Exxon Mobil (XOM) up 0.18 at 116.41 – change 0.15%
Kinder Morgan (KMI) down 0.29 at 16.47 – change 1.68%
Marathon Oil Corp. (MRO) down 0.32 at 26.29 – change 1.21%
NOV Inc. (NOV) down 0.25 at 20.58 – change 1.21%
Occidental Petroleum (OXY) down 0.01 at 63.15 – change 0.02%
Phillips 66 (PSX) down 0.84 at 119.42 – change 0.70%
Pioneer Natural Resources (PXD) up 2.33 at 227.87 – change 1.03%
Tellurian Inc. (TELL) down 0.04 at 1.12 – change 3.45%
Valero (VLO) down 4.96 at 141.58 – change 3.39%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 2.34 at 76.34 – change 2.98%
CenterPoint (CNP) down 1.00 at 27.29 – change 3.54%
Entergy (ETR) down 2.96 at 93.20 – change 3.08%
