Failed Iranian missile strikes on Israel resulted in lower oil prices—not higher

 

 

Instead of spiking Monday as some thought might occur because Iran’s weekend attack on Israel, crude oil prices fell lower, largely because the attack was a dismal failure and speculators believe there won’t be a major disruption of the flow of oil to markets.

West Texas Intermediate crude fell 25 cents or 0.3% to settle at $85.41 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for June delivery finished down 35 cents or 0.4% to $90.10 a barrel on ICE Futures Europe.
At one point in trading, crude oil dropped by more than $1 a barrel.
May natural gas fell 8 cents to $1.69 per 1,000 cubic feet.
Monday was a day of losses for Oklahoma energy stocks including a nearly 7% fall for Empire Petroleum, and a 3% drop for Gulfport Energy.
Alliance Resource Partners, L.P.
20.88 USD−0.18 
Canoo Inc
2.48 USD+0.080 
Chesapeake Energy Corp
87.56 USD−1.03 
Coterra Energy Inc
27.19 USD−0.45 
Devon Energy Corp
52.68 USD−0.74 
Empire Petroleum Corp
5.12 USD−0.36 
Gulfport Energy Corp
153.46 USD−3.45 
Helmerich and Payne Inc
41.63 USD−0.16 
LSB Industries Inc
8.10 USD−0.060 
Mach Natural Resources LP
20.27 USD−0.49 
Mammoth Energy Services Inc
3.26 USD−0.025 
Matrix Service Co
12.29 USD+0.080 
 NGL Energy Partners LP
5.93 USD−0.070 
OGE Energy Corp
32.86 USD−0.060 
ONE Gas Inc
61.97 USD−0.11 
ONEOK Inc
77.85 USD−0.85 
Ovintiv Inc
52.57 USD−1.17 
PHX Minerals Inc
3.26 USD−0.040 
SandRidge Energy Inc
14.71 USD−0.18 
 Southwestern Energy Co
7.30 USD−0.12 
Unit Corp
38.23 USD−0.020 
Vital Energy Inc
55.27 USD−1.21 
Williams Companies Inc
37.84 USD−0.24 
Other energy stocks had the same kind of ‘down’ day in trading, according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.57 at 33.15 – change 1.67%

Cheniere (LNG) down 2.36 at 154.43 – change 1.51%

Chevron (CVX) down 1.37 at 157.59 – change 0.87%

ConocoPhillips (COP) down 0.95 at 130.25 – change 0.73%

Diamondback Energy (FANG) down 0.99 at 205.35 – change 0.48%

Energy Transfer LP (ET) down 0.19 at 15.23 – change 1.24%

Enterprise Products Partners (EPD) down 0.54 at 28.51 – change 1.86%

EOG Resources (EOG) down 1.99 at 132.38 – change 1.49%

Exxon Mobil (XOM) down 0.69 at 119.68 – change 0.58%

Kinder Morgan (KMI) down 0.16 at 17.97 – change 0.89%

Marathon Oil Corp. (MRO) down 0.32 at 28.77 – change 1.11%

NOV Inc. (NOV) down 0.46 at 19.17 – change 2.35%

Occidental Petroleum (OXY) down 0.67 at 68.34 – change 0.98%

Phillips 66 (PSX) down 1.67 at 160.82 – change 1.03%

Pioneer Natural Resources (PXD) down 1.80 at 269.00 – change 0.67%

Tellurian Inc. (TELL) down 0.05 at 0.45 – change 8.42%

Valero (VLO) down 2.87 at 170.67 – change 1.66%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.19 at 80.91 – change 1.45%

CenterPoint (CNP) down 0.06 at 27.40 – change 0.22%

Entergy (ETR) down 0.62 at 102.29 – change 0.61%