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April 13, 2023

Crude oil prices slipped in Thursday’s trading

Why Crude Oil Price is Falling

 

After two days of 2% gains, crude oil prices fell more than 1% or a dollar a barrel in Thursday’s trading as another OPEC report fueled worries about summer demand.

West Texas Intermediate dropped $1.10 or 1.3% to finish at $82.16 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude settled down 1.4% on a fall of $1.24 per barrel and closed at $86.09 on ICE Futures Europe.

It was another day of mixed trading for Oklahoma energy stocks. While Chesapeake Energy rose 2% and Unit Corporation gained about 5%, LSB Industries dropped 5% and PHX Minerals declined by 2%.

Alliance Resource Partners, L.P.
20.85 USD+0.040 
Canoo Inc
0.65 USD+0.012 
Chesapeake Energy Ord Shs
80.53 USD+1.48 
Coterra Energy Inc
25.74 USD−0.015 
Devon Energy Corp
55.22 USD+0.68 
Empire Petroleum Corp
12.60 USD−0.12 
Gulfport Energy Corp
81.38 USD+0.64 
Helmerich & Payne, Inc.
37.24 USD0.00 
 LSB Industries Inc
9.53 USD−0.48 
Magellan Midstream Partners LP
55.18 USD−0.22 
Mammoth Energy Services Inc
4.62 USD−0.080 
Matrix Service Co
5.17 USD−0.050 
NGL Energy Partners LP
2.91 USD−0.040 
OGE Energy Corp.
38.14 USD−0.46 
ONE Gas Inc
81.29 USD−0.66 
ONEOK, Inc.
66.77 USD+0.52 
Ovintiv Inc
38.68 USD+0.24 
PHX Minerals Inc
2.71 USD−0.050 
SandRidge Energy Inc
15.44 USD−0.13 
Unit Corp
44.60 USD+1.60 
Vital Energy Inc
53.50 USD+0.73 
Williams Companies Inc
30.50 USD+0.17 
Iranian heavy crude oil price falls 5% in August: OPEC - Tehran Times
Other energy stocks were mixed according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.83 at 40.47 – change 2.09%

Cheniere (LNG) down 0.53 at 152.47 – change 0.35%

Chevron (CVX) up 2.27 at 172.09 – change 1.33%

ConocoPhillips (COP) up 1.51 at 109.04 – change 1.40%

Diamondback Energy (FANG) up 0.73 at 145.74 – change 0.50%

Energy Transfer LP (ET) up 0.14 at 12.76 – change 1.10%

Enterprise Products Partners (EPD) unchanged at 26.83 – change 0.00%

EOG Resources (EOG) down 0.20 at 121.29 – change 0.17%

ExxonMobil (XOM) up 0.54 at 115.77 – change 0.46%

Kinder Morgan (KMI) down 0.05 at 17.77 – change 0.29%

Marathon Oil Corp. (MRO) up 0.04 at 25.66 – change 0.15%

NOV Inc. (NOV) up 0.11 at 18.82 – change 0.58%

Occidental Petroleum (OXY) down 0.08 at 64.77 – change 0.11%

Phillips 66 (PSX) up 0.24 at 106.27 – change 0.22%

Pioneer Natural Resources (PXD) up 2.82 at 227.92 – change 1.25%

Tellurian Inc. (TELL) up 0.09 at 1.71 – change 5.55%

Valero (VLO) down 0.59 at 133.13 – change 0.45%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.29 at 93.97 – change 0.31%

CenterPoint (CNP) up 0.04 at 30.71 – change 0.13%

Entergy (ETR) down 0.91 at 109.17 – change 0.83%

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