Crude oil reaches lowest price of the year

 

Crude oil prices fell to their lowest level so far this year on Wednesday after U.S. stockpiles rose more than expected.

As OK Energy Today reported earlier, U.S. crude stockpiles gained 3.46 million barrels in the past week. One of the causes was a drop for the third consecutive week in refiner intake.

West Texas Intermediate crude fell $1.15 or 1.6% to $72.62 a barrel on the New York Mercantile Exchange. It was their lowest price this year.

Brent crude, the global benchmark, finished down 91 cents or 1.2% to reach $76.58 a barrel.

Natural gas rose in Wednesday’s trading. It finished up 6 cents or 1.84% at $3.54.

Oklahoma energy stocks finished split for the day…about half recorded gains while the remainder had losses. LSB Industries bounced up 5% while Mach Natural Resources dropped 3%.

 

Alliance Resource Partners, L.P.
28.79 USD+0.99 
Coterra Energy Inc
28.24 USD+0.34 
 Devon Energy Corp
35.07 USD+0.19 
Empire Petroleum Corp
6.06 USD−0.100 
Expand Energy Corp
102.57 USD+0.44 
Gulfport Energy Corp
185.53 USD+4.94 
 Helmerich and Payne Inc
32.73 USD−0.19 
 LSB Industries Inc
8.60 USD+0.38 
Mach Natural Resources LP
17.46 USD−0.49 
Mammoth Energy Services Inc
3.08 USD+0.040 
Matrix Service Co
13.75 USD−0.10 
NGL Energy Partners LP Unit
5.39 USD−0.080 
OGE Energy Corp
42.08 USD−0.060 
 ONE Gas Inc
69.07 USD−0.83 
ONEOK Inc
100.38 USD−0.25 
Ovintiv Inc
44.19 USD+0.33 
PHX Minerals Inc
3.99 USD+0.080 
SandRidge Energy Inc
12.17 USD+0.22 
 Unit Corp
29.30 USD−0.29 
Vital Energy Inc
33.64 USD−0.12 
Williams Companies Inc
55.33 USD+0.13