Crude oil prices in the U.S. dropped below $90 a barrel in Monday’s trading after Russia relaxed its fuel ban and investors eyed elevated interest rates that might affect demand. At the same time, Oklahoma energy stocks scored moderate gains on the day.
West Texas Intermediate crude, considered the U.S. benchmark, fell 35 cents and closed at $89.68 on the New York Mercantile Exchange.
Brent crude, the global benchmark gained 2 cents for the day and finished at $93.29 a barrel on ICE Futures Europe.
October natural gas was unchanged at $2.64 per 1,000 cubic feet.
The majority of Oklahoma energy stocks recorded gains including 4% for Empire Petroleum and 3% for Ovintiv Inc.
APA Corp. (Apache) (APA) up 0.80 at 41.02 – change 1.98%
Cheniere (LNG) up 4.22 at 164.14 – change 2.63%
Chevron (CVX) up 2.43 at 168.71 – change 1.46%
ConocoPhillips (COP) up 1.91 at 121.07 – change 1.60%
Diamondback Energy (FANG) up 2.06 at 152.63 – change 1.37%
Energy Transfer LP (ET) up 0.19 at 14.01 – change 1.37%
Enterprise Products Partners (EPD) up 0.02 at 27.41 – change 0.07%
EOG Resources (EOG) up 3.03 at 125.65 – change 2.47%
Exxon Mobil (XOM) up 1.29 at 116.23 – change 1.12%
Kinder Morgan (KMI) up 0.15 at 16.75 – change 0.90%
Marathon Oil Corp. (MRO) up 0.45 at 26.61 – change 1.72%
NOV Inc. (NOV) up 0.46 at 20.83 – change 2.25%
Occidental Petroleum (OXY) up 0.27 at 63.16 – change 0.42%
Phillips 66 (PSX) up 1.68 at 120.26 – change 1.41%
Pioneer Natural Resources (PXD) up 2.47 at 225.54 – change 1.10%
Tellurian Inc. (TELL) up 0.05 at 1.15 – change 4/50%
Valero (VLO) up 1.27 at 146.54 – change 0.87%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.49 at 78.68 – change 0.62%
CenterPoint (CNP) down 0.01 at 28.29 – change 0.04%
Entergy (ETR) down 0.39 at 96.16 – change 0.41%
