Crude oil prices drop to a six-week low

Make three straight trading days where crude oil prices have dropped. On Tuesday, prices dropped nearly 2% and hit a six-week low because of growing worries about oil demand in China and the possibilities of a ceasfire in Gaza.
Both WTI and Brent hit their lowest closes since June 7 and Reuters reported it pushed both benchmarks into technically oversold territory for the first time since early June.

West Texas Intermediate crude finished down $1.44 or 1.8% to $76.96 a barrel on the New York Mercantile Exchange.

Brent futures dropped $1.39 or 1.7% and finished at $81.01 on ICE Futures Europe.
August natural gas fell 6 cents to $2.19 per 1,000 cubic feet.
Oklahoma energy stocks didn’t have a good day in trading as most experienced declines for the day including a 4% loss for Vital Energy. There were some exceptions such as Mammoth Energy with a 17% gain and a 6% boost for Empire Petroleum.
Alliance Resource Partners, L.P.
25.64 USD+0.100 
Canoo Inc
2.12 USD−0.030 
Chesapeake Energy Corp
79.97 USD−1.39 
Coterra Energy Inc
26.13 USD−0.59 
Devon Energy Corp
45.96 USD−0.84 
Empire Petroleum Corp
5.41 USD+0.29 
Gulfport Energy Corp
158.80 USD−0.15 
Helmerich and Payne Inc
37.74 USD−0.040 
LSB Industries Inc
8.48 USD+0.16 
Mach Natural Resources LP
19.16 USD−0.18 
Mammoth Energy Services Inc
4.08 USD+0.58 
Matrix Service Co
10.91 USD+0.20 
NGL Energy Partners LP Unit
4.83 USD−0.020 
OGE Energy Corp
37.37 USD−0.010 
ONE Gas Inc
68.68 USD+0.020 
ONEOK Inc
83.23 USD−1.20 
Ovintiv Inc
46.29 USD−0.49 
PHX Minerals Inc
3.38 USD+0.14 
SandRidge Energy Inc
13.65 USD+0.020 
Southwestern Energy Co
6.59 USD−0.100 
Unit Corp
36.30 USD−0.10 
Vital Energy Inc
43.56 USD−1.72 
Williams Companies Inc
44.08 USD−0.70 
Other energy stocks also finished with depressed prices, according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.58 at 30.69 – change 1.86%

Cheniere (LNG) down 4.02 at 176.88 – change 2.23%

Chevron (CVX) down 2.90 at 154.09 – change 1.85%

ConocoPhillips (COP) down 1.49 at 110.83 – change 1.33%

Diamondback Energy (FANG) down 6.32 at 198.36 – change 3.09%

Energy Transfer LP (ET) up 0.02 at 16.39 – change 0.12%

Enterprise Products Partners (EPD) up 0.01 at 29.99 – change 0.03%

EOG Resources (EOG) down 2.02 at 124.90 – change 1.60%

Exxon Mobil (XOM) down 1.86 at 113.41 – change 1.62%

Kinder Morgan (KMI) down 0.23 at 21.62 – change 1.06%

Marathon Oil Corp. (MRO) down 0.44 at 27.84 – change 1.56%

NOV Inc. (NOV) down 0.15 at 18.64 – change 0.80%

Occidental Petroleum (OXY) down 0.80 at 60.41 – change 1.31%

Phillips 66 (PSX) down 3.04 at 137.07 – change 2.17%

Tellurian Inc. (TELL) down 0.02 at 0.94 – change 1.88%

Valero (VLO) down 2.15 at 146.87 – change 1.45%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.71 at 93.64 – change 0.76%

CenterPoint (CNP) down 0.26 at 28.70 – change 0.90%

Entergy (ETR) down 0.67 at 110.35 – change 0.61%