Crude oil prices saw a drop of a few cents in Thursday’s trading as two developments affected trading—the potential peace deal between Russia and Ukraine and the pause in new U.S. tariffs.
The small drop came after losses of more than 1% earlier in the session and the slight improvement has some optimistic that world might avoid a trade war that would affect energy demand.
West Texas Intermediate crude finished down 8 cents or 0.11% at $71.29 a barrel on the New York Mercantile Exchange.
Brent crude dropped 16 cents or 0.21% and closed at $75.02 a barrel.
Prices for natural gas rose 7 cents or 1.99% to reach $3.64 per MMBtu.
Natural gas up 0.07 at $3.64 – change 1.99%
Thursday was a positive day for most Oklahoma energy stocks. Strong examples included a 6% gain for NGL Energy Partners and a 5% boost for Williams Cos.
Alliance Resource Partners, L.P.
