When crude oil prices fall, Oklahoma energy stocks usually see a gain and that’s what happened Tuesday when crude prices edged lower. Traders sat back wondering what President Trump will announce Wednesday and if he will intensify a global trade war.
The stumble in prices came after both benchmarks reached a 5-week high on Monday.
Global benchmark Brent crude finished down 28 cents or 0.37% at $74.49 a barrel.
US benchmark West Texas Intermediate crude was down 28 cents or 0.39% to close at $71.20 a barrel on the New York Mercantile Exchange.
Natural gas experienced a 17 cent or 4.08% drop as it closed at $3.95 per MMBtu.
Positive territory is where nearly all of our Oklahoma energy stocks landed at the end of Tuesday’s trading. Only four listed stocks dropped and one was Empire Petroleum which fell more than 8%.
StarDust Power recorded one of the biggest percentage gains at nearly 5%.