Analysts say lingering US inflation that is keeping interest rates higher for more time than investors prefer, also played a role Tuesday as crude oil prices dropped 1% in the day’s trading.
High interest rates might be behind less consumer demand at the gas pumps.
June natural gas fell 8 cents to $2.67 per 1,000 cubic feet.
The majority of the Oklahoma energy stocks experienced losses in Tuesday’s trading with Gulfport Energy recording a more than 3% drop for the day. EV maker Canoo finished down 5%. The lone exception was Empire Petroleum. It rose nearly 3%.
APA Corp. (Apache) (APA) down 0.18 at 30.72 – change 0.59%
Cheniere (LNG) up 0.05 at 159.85 – change 0.03%
Chevron (CVX) down 1.17 at 159.97 – change 0.73%
ConocoPhillips (COP) down 0.48 at 120.41 – change 0.40%
Diamondback Energy (FANG) down 1.27 at 196.56 – change 0.65%
Energy Transfer LP (ET) down 0.20 at 15.93 – change 1.24%
Enterprise Products Partners (EPD) up 0.03 at 28.68 – change 0.10%
EOG Resources (EOG) down 0.96 at 128.90 – change 0.74%
Exxon Mobil (XOM) down 0.82 at 117.85 – change 0.70%
Kinder Morgan (KMI) down 0.10 at 19.73 – change 0.51%
Marathon Oil Corp. (MRO) down 0.17 at 26.29 – change 0.65%
NOV Inc. (NOV) up 0.13 at 19.11 – change 0.68%
Occidental Petroleum (OXY) down 0.22 at 63.35 – change 0.35%
Phillips 66 (PSX) down 0.29 at 144.13 – change 0.20%
Tellurian Inc. (TELL) down 0.04 at 0.56 – change 5.55%
Valero (VLO) down 1.39 at 162.38 – change 0.85%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.03 at 92.62 – change 0.03%
CenterPoint (CNP) up 0.42 at 30.41 – change 1.40%
Entergy (ETR) up 1.42 at 114.22 – change 1.25%