Beryl sent crude prices falling on Monday

 

 

Crude oil prices hit a one-week low in Monday’s trading, falling about 1% for the day.

The slide came as Hurricane Beryl hit Houston and forced the shutdown of U.S. refineries and ports along the Gulf of Mexico. At the same time, prices fell as some clung to the prospects of a ceasefire agreement in Gaza.

Beryl not only knocked out power to 2.7 million homes and businesses but forced the cancellation of hundreds of airline flights.

West Texas Intermediate, the US benchmark dropped 83 cents or 1% and settled at $82.33 a barrel on the New York Mercantile Exchange.
Brent crude, the worldwide benchmark, fell 79 cents or 0.9% to finish the day’s trading at $85.75 a barrel on ICE Futures Europe.
August natural gas rose 5 cents to $2.37 per 1,000 cubic feet.
Oklahoma energy stocks were split in Monday’s trading with about half recording gains and the other half suffering losses. Canoo saw a nearly 7% gain for the day and Empire Petroleum rose more than 4%. But a 6% loss was recorded by Mammoth Energy Services.
Alliance Resource Partners, L.P.
24.68 USD−0.60 
Canoo Inc
2.26 USD+0.14 
Chesapeake Energy Corp
82.60 USD+0.29 
Coterra Energy Inc
26.57 USD+0.34 
Devon Energy Corp
46.52 USD−0.51 
Empire Petroleum Corp
5.27 USD+0.22 
Gulfport Energy Corp
154.54 USD+1.54 
Helmerich and Payne Inc
35.59 USD+0.24 
LSB Industries Inc
7.75 USD−0.020 
Mach Natural Resources LP
19.77 USD+0.060 
Mammoth Energy Services Inc
2.80 USD−0.17 
Matrix Service Co
8.87 USD+0.10 
NGL Energy Partners LP Unit
4.85 USD+0.100 
OGE Energy Corp
35.12 USD+0.018 
ONE Gas Inc
62.22 USD−0.38 
ONEOK Inc
82.00 USD−0.25 
Ovintiv Inc
46.72 USD+0.20 
PHX Minerals Inc
3.21 USD−0.035 
SandRidge Energy Inc
12.79 USD−0.030 
Southwestern Energy Co
6.77 USD+0.0100 
Unit Corp
36.00 USD−0.45 
Vital Energy Inc
44.66 USD+0.22 
Williams Companies Inc
42.35 USD−0.13 

While Oklahoma energy stocks were split, other energy stocks recorded losses, according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.24 at 28.84 – change 0.83%

Cheniere (LNG) up 1.22 at 175.40 – change 0.70%

Chevron (CVX) up 0.02 at 154.33 – change 0.01%

ConocoPhillips (COP) down 0.32 at 112.23 – change 0.29%

Diamondback Energy (FANG) down 0.18 at 203.35 – change 0.09%

Energy Transfer LP (ET) down 0.09 at 16.09 – change 0.56%

Enterprise Products Partners (EPD) up 0.12 at 29.13 – change 0.41%

EOG Resources (EOG) up 0.69 at 125.63 – change 0.55%

Exxon Mobil (XOM) down 1.19 at 112.18 – change 1.05%

Kinder Morgan (KMI) up 0.02 at 19.91 – change 0.10%

Marathon Oil Corp. (MRO) up 0.01 at 28.19 – change 0.03%

NOV Inc. (NOV) down 0.01 at 18.01 – change 0.06%

Occidental Petroleum (OXY) down 0.84 at 60.95 – change 1.36%

Phillips 66 (PSX) down 2.46 at 135.94 – change 1.78%

Tellurian Inc. (TELL) down 0.01 at 0.64 – change 0.42%

Valero (VLO) down 4.82 at 147.96 – change 3.16%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.75 at 87.11 – change 0.86%

CenterPoint (CNP) down 0.17 at 30.32 – change 0.56%

Entergy (ETR) down 0.62 at 104.75 – change 0.59%