OPEC+ sends crude oil prices down and OK energy stocks too

 

Plans by OPEC+ to move ahead with output increases in April along with tit-for-tat tariffs between the U.S., Canada and Mexico sent crude oil prices falling again on Tuesday.

Both Brent and WTI settled close to multi-month lows.

West Texas Intermediate crude fell 11 cents or 0.2% to close at $68.26 after previously dropping to $66.77 earlier in the day, which is the lowest mark since November.

Brent crude finished down 58 cents or 0.8% to $71.04 a barrel. At one point in the trading, it fell to $69.75 a barrel, the lowest since September.

Prices for natural gas made another gain, going up 23 cents for a 5.53% increase to $4.35 per MMBtu.

As for Oklahoma energy stocks, they too dropped in Tuesday’s trading including Mammoth Energy with a 4% loss and ONEOK down 3%.

Alliance Resource Partners, L.P.
25.17 USD+0.090 
Coterra Energy Inc
26.47 USD+0.19 
Devon Energy Corp
34.25 USD−0.16 
Empire Petroleum Corp
6.55 USD+0.030 
Expand Energy Corp
100.70 USD+2.35 
Gulfport Energy Corp
171.41 USD+4.26 
Helmerich and Payne Inc
25.34 USD+0.65 
 LSB Industries Inc
6.71 USD−0.22 
Mach Natural Resources LP
14.14 USD−0.33 
Mammoth Energy Services Inc
2.10 USD−0.080 
Matrix Service Co
11.86 USD−0.20 
NGL Energy Partners LP Unit
4.69 USD+0.050 
OGE Energy Corp
45.12 USD−1.20 
ONE Gas Inc
74.75 USD−1.30 
ONEOK Inc
93.79 USD−2.97 
 Ovintiv Inc
38.92 USD−0.75 
PHX Minerals Inc
3.78 USD−0.090 
SandRidge Energy Inc
11.21 USD+0.26 
Stardust Power Inc
0.69 USD−0.013 
Unit Corp
28.01 USD+0.22 
Vital Energy Inc
23.05 USD−0.77 
Williams Companies Inc
56.80 USD−0.80