Crude oil prices closed down on Friday but up for the week

 

Crude oil prices will start the new week after closing on Friday with losses. Oklahoma energy stocks also finished in negative territory.

What prompted the fall in oil prices? The U.S. sanctions against Russia left supplies tight in Europe, India and China and left investors and traders worried about supply disruptions.

West Texas Intermediate crude dropped 80 cents or 1% to close at $77.88 a barrel on the New York Mercantile Exchange. Despite the Friday fall, WTI still finished up 1.7% for the week.

Brent crude, the global benchmark, slipped 50 cents or 0.6% and finished at $80.79 per barrel. It too closed the week up 1.3%.

Natural gas dropped 31 cents for a 7.28% loss to $3.95.

A day of losses—it’s what Oklahoma energy stocks suffered on Friday.

Canoo dropped a whopping 11% and Empire Petroleum fell more than 4%.

 

Alliance Resource Partners, L.P.
27.86 USD−0.18 
Canoo Inc
1.35 USD−0.16 
Coterra Energy Inc
29.47 USD−0.36 
Devon Energy Corp
37.95 USD−0.49 
Empire Petroleum Corp
6.62 USD−0.31 
Expand Energy Corp
106.36 USD−1.42 
Gulfport Energy Corp
195.42 USD+2.04 
Helmerich and Payne Inc
36.38 USD−0.32 
LSB Industries Inc
9.07 USD−0.070 
 Mach Natural Resources LP
17.65 USD+0.040 
Mammoth Energy Services Inc
3.34 USD+0.17 
Matrix Service Co
14.88 USD+0.54 
NGL Energy Partners LP Unit
5.26 USD−0.090 
OGE Energy Corp
42.57 USD+0.20 
ONE Gas Inc
72.75 USD+0.16 
ONEOK Inc
108.96 USD+0.30 
Ovintiv Inc
45.74 USD−0.17 
PHX Minerals Inc
4.05 USD+0.050 
SandRidge Energy Inc
12.48 USD−0.13 
Unit Corp
30.76 USD+0.95 
Vital Energy Inc
35.94 USD−0.59 
Williams Companies Inc
59.14 USD−0.040