Crude oil slips on uncertainty of Trump’s energy moves

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.

 

Alliance Resource Partners, L.P.
27.77 USD−0.66 
Coterra Energy Inc
29.18 USD+0.030 
Devon Energy Corp
36.46 USD−0.26 
Empire Petroleum Corp
6.37 USD−0.33 
Expand Energy Corp
107.06 USD+0.26 
Gulfport Energy Corp
196.22 USD+0.12 
Helmerich and Payne Inc
35.68 USD−0.70 
 LSB Industries Inc
9.22 USD−0.090 
Mach Natural Resources LP
18.02 USD+0.24 
Mammoth Energy Services Inc
3.28 USD−0.14 
Matrix Service Co
15.04 USD−0.22 
NGL Energy Partners LP Unit
5.37 USD+0.020 
OGE Energy Corp
42.50 USD−0.86 
ONE Gas Inc
70.17 USD−1.99 
ONEOK Inc
106.30 USD−3.55 
Ovintiv Inc
45.25 USD−0.16 
PHX Minerals Inc
3.99 USD0.00 
SandRidge Energy Inc
12.25 USD−0.11 
Unit Corp
29.48 USD−0.085 
Williams Companies Inc
59.20 USD−1.42