News of Trump-Putin meeting sent crude oil down for another day

 

 

Make it six straight days of dropping crude oil prices.

On Thursday, prices fell about half-a-dollar on word that President Trump and Russian President Vladimir Putin will meet, possibly in a few days, all in the name of bringing an end to the war between Russia and Ukraine.

The fall in prices came after a 1% drop on Wednesday as Brent and WTI are at their lowest levels in eight weeks.

Global benchmark Brent crude finished down 46 cents or 0.7% at $66.43 a barrel.

West Texas Intermediate, considered the U.S. standard, dropped 47 cents or 0.7% before settling at $63.88 a barrel on the New York Mercantile Exchange.

A majority of Oklahoma energy stocks finished the day with losses including a more than 3% drop for LSB Industries. Despite the majority seeing losses for the day, some firms still recorded significant gains including SandRidge Energy with a nearly 7% jump for the day.

 

Alliance Resource Partners LP
25.70 USD−0.060 
Coterra Energy Inc
23.77 USD−0.48 
Devon Energy Corp
32.39 USD−0.060 
Empire Petroleum Corp
4.35 USD−0.12 
Expand Energy Corp
100.01 USD−1.64 
Gulfport Energy Corp
168.72 USD−3.34 
Helmerich and Payne Inc
15.98 USD+0.49 
LSB Industries Inc
7.40 USD−0.25 
Mach Natural Resources LP
14.81 USD+0.060 
Mammoth Energy Services Inc
2.45 USD−0.060 
Matrix Service Co
14.85 USD+0.55 
NGL Energy Partners LP Unit
4.00 USD−0.050 
OGE Energy Corp
45.84 USD+0.22 
ONE Gas Inc
75.12 USD+1.32 
ONEOK Inc
75.48 USD+0.22 
Ovintiv Inc
38.90 USD−0.64 
SandRidge Energy Inc
10.77 USD+0.66 
Stardust Power Inc
0.40 USD−0.0023 
Unit Corp
29.25 USD+1.00 
Vital Energy Inc
14.93 USD−1.56 
Williams Companies Inc
57.89 USD−0.76