Tuesday’s trading, prompted by worries a possible OPEC+ decision to increase output, resulted in a 1% fall in crude oil prices.
At the same time, investors were influenced by progress in the talks between Iran and the U.S. It also sent Oklahoma energy stocks up for the day. OPEC+ members are to meet Wednesday then again on Saturday when they might agree to accelerated oil output for July.
West Texas Intermediate crude dropped 64 cents or around 1.04% to close at $60.89 a barrel on the New York Mercantile Exchange.
Global stanard Brent crude finished down 65 cents or 1% at $64.09 a barrel.
A majority of Oklahoma energy stocks recorded gains in Tuesday’s trading. Mammoth Energy finished up with a nearly 5% increase for the day while LSB Industries rose 4%.