Optimism from Federal Reserve decision sends crude oil prices upward

Wednesday was another day of positive movement for crude oil prices as they recorded gains, largely on the continued tensions in the Middle East and news that the Federal Reserve might resume interest rate cuts in December.
While the Fed said rates would hold the same for now, it also indicated there could be lower rates in December.
West Texas Intermediate crude rose 60 cents or 0.77% to close at $78.50 per barrel on the New York Mercantile Exchange.
Brent crude, considered the global benchmark, gained 68 cents or 0.83% and finished higher at $82.60 a barrel on ICE Futures Europe.
 July natural gas fell 8 cents to $3.05 per 1,000 cubic feet.
Wednesday turned into a down day for Oklahoma energy stocks with a few exceptions such as Empire Petroleum with a strong 3% gain.
Alliance Resource Partners, L.P.
23.93 USD−0.12 
Canoo Inc
2.03 USD+0.0100 
Chesapeake Energy Corp
87.17 USD−1.54 
Coterra Energy Inc
27.85 USD−0.44 
Devon Energy Corp
46.85 USD−0.44 
Empire Petroleum Corp
6.54 USD+0.22 
Gulfport Energy Corp
161.49 USD−0.24 
Helmerich and Payne Inc
35.23 USD−0.33 
 LSB Industries Inc
8.58 USD−0.13 
Mach Natural Resources LP
19.23 USD−0.33 
Mammoth Energy Services Inc
3.59 USD-0.04 
Matrix Service Co
10.91 USD−0.030 
NGL Energy Partners LP Unit
5.36 USD−0.0100 
OGE Energy Corp
35.41 USD−0.14 
ONE Gas Inc
61.35 USD+0.60 
ONEOK Inc
80.19 USD+0.55 
Ovintiv Inc
48.37 USD−0.24 
PHX Minerals Inc
3.22 USD−0.050 
SandRidge Energy Inc
13.35 USD−0.050 
Southwestern Energy Co
7.13 USD−0.12 
Unit Corp
37.63 USD−0.33 
Vital Energy Inc
44.14 USD−0.94 
Williams Companies Inc
41.55 USD+0.18 
Other energy stocks had the same kind of day, according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.36 at 29.33 – change 1.22%

Cheniere (LNG) up 1.09 at 158.46 – change 0.69%

Chevron (CVX) down 2.27 at 154.22 – change 1.46%

ConocoPhillips (COP) down 1.44 at 112.19 – change 1.27%

Diamondback Energy (FANG) down 0.02 at 193.65 – change 0.02%

Energy Transfer LP (ET) down 0.09 at 15.48 – change 0.58%

Enterprise Products Partners (EPD) down 0.02 at 28.40 – change 0.08%

EOG Resources (EOG) down 1.11 at 120.93 – change 0.91%

Exxon Mobil (XOM) down 1.24 at 110.93 – change 1.11%

Kinder Morgan (KMI) up 0.09 at 19.88 – change 0.45%

Marathon Oil Corp. (MRO) down 0.34 at 28.03 – change 1.20%

NOV Inc. (NOV) up 0.23 at 18.05 – change 1.28%

Occidental Petroleum (OXY) down 0.31 at 60.30 – change 0.52%

Phillips 66 (PSX) down 2.28 at 136.01 – change 1.65%

Tellurian Inc. (TELL) down 0.13 at 0.75 – change 14.26%

Valero (VLO) down 5.22 at 148.38 – change 3.40%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.45 at 87.96 – change 0.51%

CenterPoint (CNP) up 0.17 at 30.99 – change 0.55%

Entergy (ETR) down 0.80 at 107.36 – change 0.74%