
Oil price drop. Vector illustration
A dip in crude oil prices came about in Wednesday’s trading. Analysts explained the market still wonders about President Trump’s proposed tariffs might affect the global economy and demand for energy.
West Texas Intermediate crude fell 39 cents or 0.5% to $75.44 a barrel on the New York Mercantile Exchange. The decline was the fourth straight day for WTI.
Global standard, Brent crude, dropped 29 cents or 0.4% to $79 a barrel. It was the fifth consecutive day for Brent to fall for the first time since September.
Natura gas finished up 4 cents or 1.06% at $4.00.
Most Oklahoma energy stocks incurred losses in Wednesday’s trading….5% for Empire Petroleum Corp. and 4% for Mammoth Energy Services.