Oklahoma energy stocks finished Tuesday’s trading with mixed results while oil prices saw little change. Investors are still trying to figure what will happen to global oil demand amid the on-again, off-again tariffs by President Donald Trump.
As for energy stocks in Oklahoma, some saw up to a 5% loss for the day while one firm, Mammoth Energy jumped 13% by day’s end.
Crude oil prices finished down.
West Texas Intermediate crude dropped 20 cents or 0.3% and closed at $61.33 a barrel on the New York Mercantile Exchange.
Brent crude, the global standard, finished down 21 cents or 03% at $64.67 per barrel.
At the same time, the American Petroleum Institute reported a surprise increase in weekly domestic crude stockpiles, according to Reuters.
No change was recorded on the price of natural gas. It was unchanged at $3.33 per MMBtu.
