Tuesday wasn’t kind to crude oil prices as they slid more than 4% to nearly a two-week low. It also paved the way for some big losses among Oklahoma energy stocks.
The fighting in the Middle Easst and reports that Israel’s Prime Minister Netanyahu told President Biden any attacks on Iran would avoid oil targets.
West Texas Intermediate crude dropped $3.25 or 4.4% to settle at $70.58 a barrel on the New York Mercantile Exchange.
Brent crude fell $3.21 or 4.14% to $74.25 a barrel.
Reuters reported both benchmarks had earlier fallen by $4, reaching their lowest since the beginning of October, after settling about 2% lower on Monday.
Tuesday resulted in losses for most Oklahoma energy stocks, such as the 8% drop for Vital Energy and 6% for SandRidge Energy.
24.83 USD−0.21
0.95 USD−0.031
24.09 USD−0.32
41.20 USD−1.67
5.30 USD+0.040
85.79 USD−0.83
144.73 USD−2.89
34.06 USD−1.93
9.25 USD−0.15
16.34 USD−0.66
4.47 USD−0.17
11.58 USD+0.18
4.31 USD−0.19
40.62 USD+0.51
72.85 USD+0.46
94.98 USD−2.51
41.06 USD−1.48
3.67 USD+0.15
11.43 USD−0.79
32.34 USD−0.51
26.37 USD−2.29
50.90 USD−0.12
