Crude oil prices dropped again on Tuesday but nothing like Monday’s plunge

 

A day after crude oil prices dropped more than 6%, they still suffered a decline on Tuesday but only a small one.

After word spread that perhaps there might be a de-escalation of Israel’s Lebanon offensive, prices edged lower. To some energy traders, it might have been a sigh of relief.

US benchmark, West Texas Intermediate fell 17 cents or 0.25% to close at $67.21 a barrel on the New York Mercantile Exchange. US oil however, remains down about 6%.

Brent crude dropped 30 cents or 0.42% and finished at $71.12 a barrel. Compared to a year ago, Brent crude prices are down more than 7%.

Tuesday proved to be another day of losses for many Oklahoma energy stocks. Empire Petroleum was the exception as it recorded a nearly 6% gain for the day.

 

Alliance Resource Partners, L.P.
25.61 USD+0.11 
Canoo Inc
0.88 USD−0.034 
Coterra Energy Inc
23.81 USD+0.050 
Devon Energy Corp
38.14 USD−0.44 
Empire Petroleum Corp
5.47 USD+0.29 
 Expand Energy Corp
85.73 USD+0.47 
Gulfport Energy Corp
142.38 USD−0.48 
Helmerich and Payne Inc
33.31 USD−0.40 
LSB Industries Inc
8.42 USD−0.36 
Mach Natural Resources LP
16.34 USD−0.31 
Mammoth Energy Services Inc
4.34 USD−0.080 
Matrix Service Co
11.21 USD−0.18 
NGL Energy Partners LP Unit
4.02 USD−0.060 
OGE Energy Corp
40.03 USD−0.62 
 ONE Gas Inc
72.88 USD−0.81 
ONEOK Inc
95.55 USD−0.47 
Ovintiv Inc
38.78 USD−0.37 
PHX Minerals Inc
3.57 USD−0.10 
SandRidge Energy Inc
11.04 USD−0.13 
Unit Corp
30.88 USD+0.30 
Vital Energy Inc
26.32 USD−0.39 
Williams Companies Inc
51.84 USD−0.45