Crude oil dropped more than 2% on Friday’s trading

 

The bigger-than-expected increase in U.S. crude oil inventories last week sent prices falling by more than 2% on Friday, creating a weekly plunge of more than 4%.

Plus, there was the issue of declining Chinese demand for crude oil.

West Texas Intermediate fell $1.68 or 2.45% per barrel to close at $67.02 on the New York Mercantile Exchange.

Global standard Brent crude finished down $1.52 or 2.09% to finish at $71.04 per barrel.

Natural gas rose 4 cents for a 1.36% gain to $2.82.

Oklahoma energy stocks finished the week with a day of losses including nearly 8% for Mammoth Energy and 6% falls for both Empire Petroleum and Canoo.

 

Alliance Resource Partners, L.P.
26.79 USD−0.27 
 Canoo Inc
0.50 USD−0.033 
Coterra Energy Inc
25.58 USD+0.15 
Devon Energy Corp
38.47 USD−0.91 
Empire Petroleum Corp
5.55 USD−0.33 
Expand Energy Corp
94.99 USD−0.20 
Gulfport Energy Corp
159.86 USD−0.050 
Helmerich and Payne Inc
33.85 USD−0.090 
LSB Industries Inc
8.42 USD−0.060 
Mach Natural Resources LP
15.99 USD−0.24 
Mammoth Energy Services Inc
3.18 USD−0.27 
 Matrix Service Co
12.52 USD−0.30 
NGL Energy Partners LP Unit
4.29 USD−0.11 
OGE Energy Corp
42.79 USD+0.99 
ONE Gas Inc
75.40 USD+1.21 
Ovintiv Inc
43.79 USD−0.93 
 PHX Minerals Inc
3.71 USD+0.020 
SandRidge Energy Inc
11.45 USD−0.19 
Unit Corp
29.42 USD+0.88 
Vital Energy Inc
30.91 USD−0.24 
Williams Companies Inc
56.55 USD+0.97