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May 19, 2020

Crude continues in positive territory in US

 

Crude oil prices in the U.S. rose again in Tuesday’s trading as West Texas Intermediate crude rose 68 cents and settled up 2% at $32.50 a barrel in trading on the New York Mercantile Exchange.

But Brent Crude, the international benchmark fell 27 cents and finished at $34.54 a barrel in trading on the ICE futures.

Natural gas rose a nickle and finished Tuesday’s trading on the NYMEX at $1.83 per million BTU, a drop of nearly 3%.

SandRidge Energy, after announcing the sale of its headquarters tower this week fell 13 cents Tuesday, a decline of more than 8% as shares settled at $1.44 each.

Chesapeake Energy was down 52 cents and finished at $11.97 a share, a drop of more than 4%. ConocoPhillips  was down 93 cents and ended the day’s session at $42.67, a decline of more than 2%.

Devon Energy dropped 81 cents and settled at $12.31, a decline of 6.18%. EOG Resources was down $1.78 to finish at $50.66 while Marathon Oil declined 26 cents and ended the day at $5.82, for a drop of 4.2%.

ONEOK added four cents to settle at $35.11 while Phillips 66 dropped $1.06 and ended the day at $75.22.

American Electric Power fell $2.74 and finished the day at $77.14, a drop of 3.4%.

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