Crude oil prices fell in Wednesday’s trading following the re-election of former President Trump, but stunning gains were recorded by Oklahoma energy stocks with some climbing more than 14%.
West Texas Intermediate crude dropped 30 cents or 0.42% to settle at $71.69 a barrel on the New York Mercantile Exchange.
Global standard Brent crude settled down 37 cents or 0.49% at $75.16 a barrel on ICE Futures Europe.
Natural gas prices gained 8 cents or 2.88% and finished at $2.75.
Oklahoma energy stocks soared in the wake of the Tuesday election that sent Donald Trump back to the White House.
Matrix Services skyrocketed more than 14%, Empire Petroleum and Gulfport Energy jumped more than 10% and others followed suit with strong gains for the day.
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