Crude recorded gains on Wednesday but natural gas made another drop

Crude oil recorded another gain on Wednesday but natural gas prices in the U.S. slid again.

Crude managed a nearly 1% increase on a smaller-than-expected increase in U.S. crude inventories, including those at Oklahoma’s Cushing Hub. A big withdrawal of distillate and gasoline stocks also played a role in sending prices up.

West Texas Intermediate crude in the U.S. rose 98 cents or 1.3% to settle at $79.13 a barrel on the New York Mercantile Exchange.

Brent crude, considered the global benchmark, gained 92 cents or 1.1% and finished at $82.96 a barrel on ICE Futures Europe.

April natural gas fell 3 cents to $1.93 per 1,000 cubic feet.

When it comes to the performance of Oklahoma energy stocks, some gained on Wednesday while others lost. For instance, Mammoth Energy fell 5% while Matrix Service Co. gained 5%.

Many other energy stocks, according to the Texas Energy Report, recorded gains on Wednesday.

APA Corp. (Apache) (APA) up 0.17 at 30.63 – change 0.55%

Cheniere (LNG) up 0.19 at 153.69 – change 0.12%

Chevron (CVX) down 1.25 at 148.34 – change 0.84%

ConocoPhillips (COP) up 0.77 at 111.99 – change 0.69%

Diamondback Energy (FANG) up 1.12 at 181.18 – change 0.62%

Energy Transfer LP (ET) up 0.13 at 15.15 – change 0.86%

Enterprise Products Partners (EPD) up 0.15 at 28.00 – change 0.53%

EOG Resources (EOG) up 0.28 at 116.49 – change 0.24%

Exxon Mobil (XOM) up 1.12 at 106.77 – change 1.06%

Kinder Morgan (KMI) up 0.10 at 17.82 – change 0.56%

Marathon Oil Corp. (MRO) up 0.28 at 24.52 – change 1.15%

NOV Inc. (NOV) up 0.25 at 17.23 – change 1.47%

Occidental Petroleum (OXY) up 0.51 at 61.09 – change 0.84%

Phillips 66 (PSX) up 0.67 at 146.77 – change 0.45%

Pioneer Natural Resources (PXD) up 2.81 at 240.06 – change 1.18%

Tellurian Inc. (TELL) up 0.05 at 0.87 – change 6.69%

Valero (VLO) up 0.13 at 144.44 – change 0.09%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.13 at 83.92 – change 0.16%

CenterPoint (CNP) up 0.41 at 28.30 – change 1.47%

Entergy (ETR) up 0.66 at 102.70 – change 0.64%