PEMA Professional Energy Marketers Association
An unexpected jump in U.S. crude stockpiles sent oil prices tumbling by a dollar a barrel on Wednesday. Oklahoma energy stocks fell as well.
US benchmark, West Texas Intermediate crude futures dropped 87 cents or 1.2% to $71.37 a barrel on the New York Mercantile Exchange.
Brent crude, the global benchmark, fell 79 cents or 1% to $76.80 a barrel on ICE Futures Europe.
Earlier in the day, crude prices had gained more than 1% but reversed after the U.S. Energy Information Administration reported the surprise build in crude oil stockpiles.
February natural gas fell 15 cents to $3.04 per 1,000 cubic feet.
Oklahoma energy stocks fell another day in trading.
APA Corp. (Apache) (APA) down 0.40 at 32.57 – change 1.22%
Cheniere (LNG) down 0.20 at 167.14 – change 0.12%
Chevron (CVX) down 1.20 at 144.50 – change 0.83%
ConocoPhillips (COP) down 1.58 at 111.18 – change 1.41%
Diamondback Energy (FANG) down 1.40 at 151.36 – change 0.92%
Energy Transfer LP (ET) down 0.08 at 13.92 – change 0.58%
Enterprise Products Partners (EPD) up 0.01 at 26.90 – change 0.03%
EOG Resources (EOG) down 1.08 at 114.99 – change 0.94%
Exxon Mobil (XOM) down 0.98 at 98.69 – change 0.99%
Kinder Morgan (KMI) down 0.10 at 17.95 – change 0.56%
Marathon Oil Corp. (MRO) down 0.36 at 22.85 – change 1.56%
NOV Inc. (NOV) down 0.42 at 19.09 – change 2.16%
Occidental Petroleum (OXY) down 0.66 at 56.80 – change 1.15%
Phillips 66 (PSX) down 3.80 at 129.41 – change 2.86%
Pioneer Natural Resources (PXD) down 2.11 at 221.02 – change 0.95%
Tellurian Inc. (TELL) down 0.02 at 0.66 – change 1.77%
Valero (VLO) down 2.40 at 124.77 – change 1.89%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 1.59 at 82.54 – change 1.89%
CenterPoint (CNP) up 0.02 at 29.25 – change 0.06%
Entergy (ETR) up 0.17 at 104.54 – change 0.16%
The post Crude oil dropped in Wednesday’s trading first appeared on Oklahoma Energy Today.
