Crude oil prices dropped more than 1% on Tuesday

 

After a few days of gains, crude oil prices fell more than 1% on Tuesday’s trading following a government forecast of steady U.S. oil demand in 2025.

New U.S. sanctions announced last Friday on Russian oil exports to India and China limited some of the tumble in prices. The drop in prices came after they had risen 2% in Monday’s trading.

West Texas Intermediate crude dropped $1.32 or 1.67% to $77.50 a barrel on the New York Mercantile Exchange.

Brent crude was down $1.09 or 1.35% to finish at $79.92 a barrel.

Natural gas prices fell 3 cents or 0.86% to close at $3.97.

All but two of the Oklahoma energy stocks we list at OK Energy Today recorded gains in Tuesday’s trading. While oil prices dropped, energy stocks grew including a 5% bump for Matrix Services and 4% increases for Mammoth Energy and Williams Cos.

 

Alliance Resource Partners, L.P.
27.09 USD−0.39 
Canoo Inc
1.32 USD+0.040 
Coterra Energy Inc
28.86 USD+0.25 
Devon Energy Corp
37.18 USD+0.41 
Empire Petroleum Corp
6.45 USD−0.29 
Expand Energy Corp
104.12 USD+1.91 
Gulfport Energy Corp
190.89 USD+2.85 
Helmerich and Payne Inc
35.44 USD+0.19 
LSB Industries Inc
9.18 USD+0.080 
Mach Natural Resources LP
17.54 USD+0.29 
Mammoth Energy Services Inc
3.04 USD+0.11 
Matrix Service Co
12.91 USD+0.61 
NGL Energy Partners LP Unit
5.48 USD+0.18 
OGE Energy Corp
40.74 USD+0.72 
ONE Gas Inc
69.90 USD+0.65 
ONEOK Inc
106.04 USD+2.06 
Ovintiv Inc
44.98 USD+0.38 
PHX Minerals Inc
3.98 USD+0.030 
 SandRidge Energy Inc
12.54 USD+0.13 
Unit Corp
29.98 USD+0.54 
 Vital Energy Inc
35.57 USD+0.18 
Williams Companies Inc
58.06 USD+2.04