While US households stay upbeat about the labor market and expected moderation of inflation, gas prices could start to rise if demand goes down.
Reuters reports US consumer confidence decreased in June. That reality combines with high inventory levels to make oil traders nervous about summer demand for fuel.
US crude stocks advanced 914 thousand barrels last week. The American Petroleum Institute figures show gasoline inventories increased by 3.843 million barrels, while distillates fell by 1.178 million barrels.
Official government data will come out later today (Wednesday).
West Texas Intermediate crude finished the day down $1.01 at $80.74 a barrel.
Brent crude finished down 60 cents at $85.01 a barrel.
Here are the Oklahoma energy stocks:
Alliance Resource Partners, L.P.
24.09 USD +0.08 (+0.33%)
Canoo Inc
1.62 USD -0.08 (-4.71%)
Chesapeake Energy Corp
84.62 USD -1.16 (+1.37%)
Coterra Energy Inc
27.65 USD +0.00 (+0.00%)
Devon Energy Corp
47.37 USD -0.27 (-0.57%)
Empire Petroleum Corp
5.30 USD +0.10 (+1.92%)
Gulfport Energy Corp
155.59 USD -1.26 (-0.80%)
Helmerich and Payne Inc
35.09 USD +0.35 (+1.01%)
LSB Industries Inc
8.15 USD -0.22 (-2.63%)
Mach Natural Resources LP
19.40 USD -0.29 (-1.47%)
Mammoth Energy Services Inc
3.24 USD -0.14 (-4.14%)
Matrix Service Co
9.73 USD -0.31 (-3.09%)
NGL Energy Partners LP
5.19 USD +0.01 (+0.19%)
OGE Energy Corp
35.26 USD -0.59 (-1.65%)
ONE Gas Inc
60.50 USD -0.83 (-1.35%)
ONEOK Inc
81.02 USD +0.13 (+0.16%)
Ovintiv Inc
46.67 USD -0.54 (-1.14%)
PHX Minerals Inc
3.24 USD +0.05 (+1.57%)
SandRidge Energy Inc
12.93 USD -0.15 (-1.15%)
Southwestern Energy Co
6.82 USD -0.11 (-1.59%)
Unit Corp
36.70 USD +0.10 (+0.27%)
Vital Energy Inc
43.46 USD -0.74 (-1.67%)
Williams Companies Inc
42.89 USD -0.22 (-0.51%)