While crude oil prices fell 2% to a near four-year low on Monday over President Donald Trump’s latest trade tariffs, the pain suffered last week by Oklahoma energy stocks eased somewhat.
While NGL Energy Partners still suffered a 13% drop in the value of its shares, Mammoth Energy saw its stocks soar more than 13%. Two of Oklahoma’s major utilities, OGE Energy and OneGas experienced declines in the 2% range, ONEOK saw a slight gain for the day.
As traders and others wonder if the President’s trade war might send the world into a recession and reduce global demand for energy, crude oil prices still continued on their fall.
The worldwide benchmark, Brent cude fell $1.37 or 2.1% to finish Monday’s trading day at $64.21 per barrel.
The U.S. benchmark, West Texas Intermediate crude dropped $1.29 or 2.1% and closed at $60.70 per barrel on the New York Mercantile Exchange.
Both benchmarks fell nearly 11% last week and reached their lowest closes since April 2021.
Natural gas prices on Monday fell 18 cents for a 4.74% decline to $3.66 per MMBtu.
Below are the Oklahoma stocks and what happened in Monday’s trading.