Crude oil prices remained at a two-week low after Tuesday’s trading with only gains of a few cents.
They stayed there after falling nearly 5% in the past two sessions, largely because of OPEC’s latest downward plans for demand growth. A strong U.S. dollar and disappointment over China’s latest stimulus plan, added to the slump, according to Reuters.
West Texas Intermediate crude gained 8 cents or 0.1% on Tuesday, finishing at $68.12 a barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark managed a 6 cent gain or 0.1% and closed for the day at $71.89 a barrel.
Natural finished gas down 0.01 at $2.91 – change 0.45%.
While most Oklahoma energy stocks fell in Tuesday’s trading a few exceptions were made. Canoo rose 7% and Unit Corporation gained 6%.
