Crude oil prices saw another drop in Tuesday’s trading while OK energy stocks rebounded

 

Crude oil prices dropped nearly 1% in Tuesday’s trading while Oklahoma energy stocks rebounded following Monday’s day of losses and natural gas prices continued their slow decline.

What triggered the crude oil drop? Mostly skepticism about China being able to achieve its economic growth target according to Reuters. Plus investors are shying away from risking investment.

West Texas Intermediate crude dropped 59 cents or 0.8% to $78.15 a barrel on the New York Mercantile Exchange.

Brent crude fell 76 cents or 0.9% a barrel and finished at $82.04 on ICE Futures Europe. It was the fourth straight decline for the global benchmark.

April natural gas rose 4 cents to $1.96 per 1,000 cubic feet.
After a day of losses on Monday, most Oklahoma energy stocks rebounded on Tuesday including Matrix Services with a 5% gain and Empire Petroleum up about 4%.
Alliance Resource Partners, L.P.
18.95 USD+0.55 
Canoo Inc
0.095 USD−0.0011 
Chesapeake Energy Corp
82.92 USD+0.50 
Coterra Energy Inc
26.69 USD+0.19 
Devon Energy Corp
45.08 USD+0.71 
Empire Petroleum Corp
5.73 USD+0.22 
Gulfport Energy Corp
143.64 USD+0.84 
Helmerich and Payne Inc
38.13 USD−0.33 
LSB Industries Inc
7.14 USD−0.090 
Mach Natural Resources LP
19.04 USD+0.16 
Mammoth Energy Services Inc
3.68 USD−0.050 
Matrix Service Co
12.31 USD+0.55 
NGL Energy Partners LP
5.92 USD−0.080 
OGE Energy Corp
33.59 USD+0.060 
ONE Gas Inc
61.47 USD+0.84 
ONEOK Inc
77.52 USD+0.96 
Ovintiv Inc
48.75 USD−0.13 
PHX Minerals Inc
3.00 USD−0.0100 
SandRidge Energy Inc
12.94 USD+0.13 
Southwestern Energy Co
7.00 USD+0.040 
Unit Corp
39.07 USD+0.37 
Vital Energy Inc
49.24 USD−0.16 
Williams Companies Inc
36.69 USD+0.32 

APA Corp. (Apache) (APA) up 0.43 at 30.46 – change 1.43%

Cheniere (LNG) up 0.24 at 153.51 – change 0.15%

Chevron (CVX) up 0.71 at 149.59 – change 0.47%

ConocoPhillips (COP) down 0.42 at 111.22 – change 0.38%

Diamondback Energy (FANG) up 1.17 at 180.06 – change 0.65%

Energy Transfer LP (ET) up 0.12 at 15.02 – change 0.80%

Enterprise Products Partners (EPD) up 0.20 at 27.85 – change 0.72%

EOG Resources (EOG) up 0.37 at 116.20 – change 0.31%

Exxon Mobil (XOM) up 1.28 at 105.64 – change 1.22%

Kinder Morgan (KMI) up 0.15 at 17.72 – change 0.85%

Marathon Oil Corp. (MRO) down 0.02 at 24.24 – change 0.09%

NOV Inc. (NOV) up 0.12 at 16.98 – change 0.71%

Occidental Petroleum (OXY) down 0.10 at 60.58 – change 0.17%

Phillips 66 (PSX) up 1.84 at 146.10 – change 1.27%

Pioneer Natural Resources (PXD) up 2.54 at 237.25 – change 1.08%

Tellurian Inc. (TELL) down 0.01 at 0.81 – change 0.54%

Valero (VLO) down 0.39 at 144.31 – change 0.27%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.90 at 84.05 – change 1.06%

CenterPoint (CNP) down 0.05 at 27.89 – change 0.18%

Entergy (ETR) up 0.02 at 102.04 – change 0.01%