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October 24, 2022

Crude oil trading proved feeble on Monday along with OK energy stocks

crude oil: Global crude oil prices decline on fears of recession, weak demand outlook, Energy News, ET EnergyWorld

 

Monday’s trading saw crude oil prices slipping less than 50 cents a barrel as China’s demand for crude in September was weak and puny U.S. business activity limited the fall in prices.

Oklahoma energy stocks were also hazy as some stocks saw a 7% gain while others dropped 4-5%.

West Texas Intermediate crude for December delivery dropped 47 cents a barrel or half a percentage point to settle at $84.58 on the New York Mercantile Exchange.

Global benchmark Brent crude for December delivery settled down 24 cents at $93.26 a barrel on ICE Futures Europe.

November natural gas rose 24 cents or nearly 5% to $5.20 per 1,000 cubic feet.

Monday saw a mixed day of trading for Oklahoma energy stocks. Mammoth Energy gained nearly 7%  and PHX Minerals rose about 5% while NGL Energy lost 4% and LSB Industries dropped 5%.

 

 Alliance Resource Partners, L.P.
22.64 USD−0.12 (0.53%)
Chesapeake Energy Ord Shs
96.71 USD−0.31 (0.32%)
Continental Resources, Inc.
73.90 USD−0.100 (0.14%)
Coterra Energy Inc
30.28 USD+0.61 (2.06%)
Devon Energy Corp
75.24 USD+0.94 (1.27%)
Empire Petroleum Corp
15.77 USD+0.27 (1.74%)
Gulfport Energy Corp
86.64 USD+0.71 (0.83%)
Helmerich & Payne, Inc.
45.36 USD+0.45 (1.00%)
LSB Industries, Inc.
16.11 USD−0.81 (4.79%)
Laredo Petroleum Inc
62.12 USD−0.41 (0.66%)
Magellan Midstream Partners, L.P.
50.47 USD−0.030 (0.059%)
Mammoth Energy Services Inc
4.80 USD+0.30 (6.67%)
Matrix Service Co
4.43 USD+0.14 (3.26%)
NGL Energy Partners LP
1.27 USD−0.050 (3.79%)
OGE Energy Corp.
35.03 USD+0.060 (0.17%)
ONE Gas Inc
72.98 USD−0.100 (0.14%)
ONEOK, Inc.
56.31 USD−0.25 (0.44%)
Ovintiv Inc
49.70 USD−1.30 (2.55%)
PHX Minerals Inc
3.69 USD+0.17 (4.83%)
SandRidge Energy Inc.
17.90 USD−0.26 (1.43%)
Unit Corp
54.00 USD+0.55 (1.03%)
Williams Companies Inc
31.10 USD−0.42 (1.33%)
Outlook one year after oil hit negative prices: Rystad Energy - Oil & Gas Middle East
 A lot of other energy stocks suffered losses on Monday, including Tellurian Inc. with a nearly 9% drop, according to the Texas Energy Report.

Apache (APA) up 0.56 at 43.76 – change 1.31%

Cheniere (LNG) down 6.90 at 168.89 – change 3.93%

Chevron (CVX) down 0.06 at 173.13 – change 0.04%

ConocoPhillips (COP) up 0.65 at 125.14 – change 0.52%

Diamondback Energy (FANG) up 0.94 at 153.26 – change 0.61%

Energy Transfer LP (ET) down 0.02 at 12.07 – change 0.17%

Enterprise Products Partners (EPD) down 0.16 at 24.85 – change 0.64%

EOG Resources (EOG) down 0.34 at 134.66 – change 0.26%

ExxonMobil (XOM) up 0.74 at 106.60 – change 0.69%

Kinder Morgan (KMI) down 0.24 at 17.28 – change 1.37%

Marathon Oil Corp. (MRO) up 0.32 at 29.47 – change 1.09%

National Oilwell Varco (NOV) up 0.39 at 22.05 – change 1.80%

Occidental Petroleum (OXY) down 0.43 at 70.83 – change 0.61%

Phillips 66 (PSX) down 0.04 at 100.40 – change 0.04%

Pioneer Natural Resources (PXD) up 4.26 at 268.62 – change 1.61%

Tellurian Inc. (TELL) down 0.24 at 2.47 – change 8.86%

Valero (VLO) up 1.48 at 129.22 – change 1.15%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 0.37 at 86.00 – change 0.43%

CenterPoint (CNP) up 0.20 at 27.21 – change 0.74%

Entergy (ETR) up 0.05 at 102.34 – change 0.04%

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