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December 17, 2021

Another week of crude oil price declines

Crude oil prices drop and take OK energy stocks with them – Oklahoma Energy  Today

 

As the omicron variant spreads around the world, crude oil prices recorded a weekly loss in Friday’s trading. So did Oklahoma energy stocks.

West Texas Intermediate crude for January delivery dropped $2.25 or 3.11% to $70.13 in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for February delivery dropped 2.71% on a $2.03 loss to finish at $72.99.

It was the 7th weekly decline for crude oil prices in the past 8 weeks.

Natural gas for January delivery also fell, dropping 2.28% on a 9 cent slide to$3.68 per 1,000 cubic feet.

Oklahoma energy stocks performed poorly on Friday including Matrix Service Inc. with a nearly 5% loss for the day.

 

 Alliance Resource Partners, L.P.
11.50 USD+0.26 (2.31%)
Blueknight Energy Partners LP Common Stock
3.24 USD−0.060 (1.82%)
Chesapeake Energy Ord Shs
60.76 USD−0.60 (0.98%)
Continental Resources, Inc.
43.01 USD−0.29 (0.67%)
Coterra Energy Inc
19.66 USD−0.42 (2.09%)
Cypress Environmental Partners LP
1.09 USD−0.020 (1.80%)
Devon Energy Corp
39.20 USD−1.15 (2.85%)
Gulfport Energy Corp
70.16 USD+1.23 (1.78%)
Helmerich & Payne, Inc.
23.42 USD−0.30 (1.26%)
LSB Industries, Inc.
8.66 USD+0.030 (0.35%)
Laredo Petroleum Inc
58.98 USD−0.10 (0.17%)
Magellan Midstream Partners, L.P.
44.86 USD−0.28 (0.62%)
Mammoth Energy Services Inc
1.84 USD0.00 (0.00%)
Matrix Service Co
7.05 USD−0.36 (4.86%
NGL Energy Partners LP
1.95 USD+0.015 (0.78%)
OGE Energy Corp.
36.86 USD−0.18 (0.49%)
ONE Gas Inc
75.46 USD+0.25 (0.33%)
ONEOK, Inc.
57.85 USD−0.48 (0.82%)
Ovintiv Inc
31.61 USD−0.48 (1.50%)
PHX Minerals Inc
2.17 USD−0.100 (4.41%)
SandRidge Energy Inc.
10.04 USD+0.030 (0.30%)
Units Ord Shs
31.52 USD0.00 (0.00%)
Williams Companies Inc
25.79 USD−0.35 (1.34%)
What is Driving the Oil Price Down? | Rigzone
A lot of other energy stocks recorded losses for the day according to the Texas Energy Report including ConocoPhillips with a more than 4% drop in the value of its shares.

Apache (APA) down 0.41 at 24.38 – change 1.66%

Cheniere (LNG) down 0.45 at 100.41 – change 0.45%

Chevron (CVX) down 3.04 at 113.60 – change 2.61%

ConocoPhillips (COP) down 3.09 at 68.61 – change 4.31%

Diamondback Energy (FANG) down 2.87 at 102.43 – change 2.73%

Energy Transfer LP (ET) down 0.15 at 8.35 – change 1.65%

Enterprise Products Partners (EPD) up 0.01 at 21.06 – change 0.04%

EOG Resources (EOG) down 2.19 at 84.00 – change 2.55%

ExxonMobil (XOM) down 1.34 at 60.03 – change 2.19%

Kinder Morgan (KMI) down 0.26 at 15.60 – change 1.64%

Marathon Oil Corp. (MRO) down 0.21 at 15.15 – change 1.37%

National Oilwell Varco (NOV) up 0.06 at 13.26 – change 0.45%

Occidental Petroleum (OXY) down 0.34 at 28.04 – change 0.20%

Phillips 66 (PSX) up 0.84 at 71.80 – change 1.18%

Pioneer Natural Resources (PXD) down 3.63 at 173.69 – change 2.05%

Valero (VLO) down 0.06 at 68.69 – change 0.09%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.46 at 86.54 – change 1.66%

CenterPoint (CNP) down 1.00 at 26.98 – change 3.58%

Entergy (ETR) down 1.15 at 109.52 – change 1.04%

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