US crude prices fell on Federal Reserve’s interest rate decision

The Federal Reserve decisions to hold firm and not cut interest rates in the near future sent US crude oil prices falling Wednesday. At the same time, US crude stockpiles continued to climb, adding more pressure on crude oil prices.
West Texas Intermediate crude dropped 33 cents or 0.42% to close at $78.54 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude gained 3 cents or 0.04% and finished at $83.68 a barrel on ICE Futures Europe.

 April natural gas rose 8 cents to $1.89 per 1,000 cubic feet.

Oklahoma energy stocks recorded mostly gains including a 3% drop for Mach Natural Resources.

Alliance Resource Partners, L.P.
18.97 USD−0.010 
Canoo Inc
0.11 USD−0.0087 
Chesapeake Energy Corp
82.05 USD+0.11 
Coterra Energy Inc
25.54 USD−0.44 
 Devon Energy Corp
44.03 USD−0.29 
 Empire Petroleum Corp
5.87 USD+0.020 
Gulfport Energy Corp
142.26 USD+0.47 
 Helmerich and Payne Inc
38.50 USD−0.090 
LSB Industries Inc
7.45 USD−0.18 
Mach Natural Resources LP
18.08 USD−0.55 
Mammoth Energy Services Inc
3.71 USD−0.070 
Matrix Service Co
11.67 USD0.00 
NGL Energy Partners LP
5.86 USD−0.060 
OGE Energy Corp
33.11 USD−0.15 
ONE Gas Inc
59.45 USD+0.45 
 ONEOK Inc
74.37 USD0.00 
Ovintiv Inc
47.85 USD+1.79 
PHX Minerals Inc
3.04 USD−0.035 
SandRidge Energy Inc
13.01 USD+0.010 
Southwestern Energy Co
6.91 USD+0.050 
Unit Corp
39.48 USD−0.71 
Vital Energy Inc
49.46 USD+0.15 
Williams Companies Inc
35.26 USD+0.22 

 

 

 

 

Other energy stocks were mixed on Wednesday, according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.25 at 29.95 – change 0.83%

Cheniere (LNG) down 0.29 at 152.88 – change 0.19%

Chevron (CVX) up 0.18 at 152.34 – change 0.11%

ConocoPhillips (COP) up 0.43 at 112.04 – change 0.38%

Diamondback Energy (FANG) up 1.81 at 179.76 – change 1.01%

Energy Transfer LP (ET) down 0.16 at 14.53 – change 1.09%

Enterprise Products Partners (EPD) down 0.22 at 27.39 – change 0.80%

EOG Resources (EOG) up 0.23 at 114.17 – change 0.20%

Exxon Mobil (XOM) up 0.28 at 104.32 – change 0.27%

Kinder Morgan (KMI) down 0.02 at 17.14 – change 0.12%

Marathon Oil Corp. (MRO) down 0.17 at 24.12 – change 0.70%

NOV Inc. (NOV) down 0.29 at 16.92 – change 1.63%

Occidental Petroleum (OXY) down 0.34 at 60.26– change 0.57%

Phillips 66 (PSX) down 4.10 at 141.24 – change 2.83%

Pioneer Natural Resources (PXD) up 1.06 at 234.81 – change 0.45%

Tellurian Inc. (TELL) down 0.01 at 0.74 – change 0.85%

Valero (VLO) down 3.77 at 139.21 – change 2.64%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.75 at 83.32 – change 0.90%

CenterPoint (CNP) down 0.17 at 27.48 – change 0.62%

Entergy (ETR) down 0.20 at 100.57 – change 0.20%