Inflation worries send crude prices downward

 

Crude oil prices finished down on Thursday—so did most Oklahoma energy stocks. And for the first time in weeks, world oil prices dropped below $90 a barrel.

Inflation predictions played a role in things as analysts believe it will not bring lower U.S. interest rates. Plus, there’s the matter of whether Iran will respond to Israeli attacks in Syria.

West Texas Intermediate crude, considered the US benchmark, finished down $1.19 or 1.4% to $85.02 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude dropped 74 cents or 0.8% to finish at $89.74 a barrel on ICE Futures Europe.

May natural gas rose 2 cents to $1.89 per 1,000 cubic feet.
Oklahoma energy stocks suffered on Thursday. The major experienced losses including a more than 4% drop for Mammoth Energy Services
Alliance Resource Partners, L.P.
21.06 USD+0.060 
Canoo Inc
2.28 USD−0.090 
Chesapeake Energy Corp
87.98 USD−2.02 
Coterra Energy Inc
27.84 USD−0.34 
Devon Energy Corp
53.90 USD−0.61 
Empire Petroleum Corp
5.65 USD−0.020 
Gulfport Energy Corp
157.69 USD−2.30 
Helmerich and Payne Inc
42.42 USD−0.58 
LSB Industries Inc
8.28 USD−0.20 
Mach Natural Resources LP
20.14 USD−0.25 
Mammoth Energy Services Inc
3.40 USD−0.15 
Matrix Service Co
12.27 USD−0.37 
NGL Energy Partners LP
6.03 USD−0.0100 
OGE Energy Corp
33.08 USD0.00 
ONE Gas Inc
62.71 USD−0.20 
ONEOK Inc
79.34 USD+0.28 
Ovintiv Inc
54.86 USD−0.66 
 PHX Minerals Inc
3.35 USD+0.0100 
SandRidge Energy Inc
15.07 USD0.00 
Southwestern Energy Co
7.39 USD−0.13 
Unit Corp
38.01 USD−0.060 
Vital Energy Inc
57.13 USD−0.020 
Williams Companies Inc
38.60 USD−0.28 
Many other energy stocks ended the day in the “down” column, according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.65 at 34.40 – change 1.86%

Cheniere (LNG) up 0.79 at 158.85 – change 0.49%

Chevron (CVX) down 0.78 at 161.88 – change 0.48%

ConocoPhillips (COP) up 0.10 at 132.91 – change 0.07%

Diamondback Energy (FANG) up 2.02 at 208.26 – change 0.98%

Energy Transfer LP (ET) down 0.10 at 15.68 – change 0.64%

Enterprise Products Partners (EPD) up 0.07 at 29.22 – change 0.24%

EOG Resources (EOG) down 0.68 at 137.27 – change 0.50%

Exxon Mobil (XOM) down 0.41 at 121.79 – change 0.34%

Kinder Morgan (KMI) up 0.08 at 18.35 – change 0.43%

Marathon Oil Corp. (MRO) down 0.22 at 29.46 – change 0.75%

NOV Inc. (NOV) down 0.19 at 20.09 – change 0.94%

Occidental Petroleum (OXY) up 0.32 at 69.26 – change 0.46%

Phillips 66 (PSX) up 0.25 at 165.41 – change 0.15%

Pioneer Natural Resources (PXD) down 0.58 at 274.74 – change 0.22%

Tellurian Inc. (TELL) down 0.02 at 0.50 – change 3.74%

Valero (VLO) up 1.34 at 177.04 – change 0.76%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.38 at 82.91 – change 0.46%

CenterPoint (CNP) up 0.21 at 27.58 – change 0.76%

Entergy (ETR) down 0.73 at 103.83 – change 0.70%