Wednesday , May 1 2024

Crude oil prices dropped 3% in Wednesday’s trading

A view shows oil terminal Kozmino near Nakhodka

 

Crude oil prices and Oklahoma energy stocks were down in Wednesday’s trading….oil by 3% due to an increase in US commercial inventories along with weaker economic data out of China.

Analysts suggested that investors are still keeping a wary eye on what develops in the Middle East where Israel is contemplating a response to last weekend’s missile attacks by Iran.

West Texas Intermediate crude for May finished down $2.67 or 3.1% at $82.69 a barrel, its biggest fall since March 20.

Global benchmark Brent crude dropped $2.73 or 3% at $87.29 a barrel.

May natural gas fell 2 cents to $1.71 per 1,000 cubic feet.
By a slight margin, most Oklahoma energy stocks were down in Wednesday’s trading with the largest drop of the day being nearly 5% for Mammoth Energy.
Alliance Resource Partners, L.P.
21.13 USD+0.12 
Canoo Inc
2.86 USD−0.070 
Chesapeake Energy Corp
87.15 USD−0.12 
Coterra Energy Inc
27.22 USD+0.030 
Devon Energy Corp
51.67 USD−0.51 
Empire Petroleum Corp
5.12 USD−0.17 
Gulfport Energy Corp
153.68 USD−0.53 
Helmerich and Payne Inc
40.85 USD−0.35 
 LSB Industries Inc
7.95 USD−0.060 
Mach Natural Resources LP
19.88 USD+0.030 
Mammoth Energy Services Inc
3.15 USD−0.15 
Matrix Service Co
11.75 USD−0.18 
NGL Energy Partners LP
5.72 USD−0.070 
OGE Energy Corp
32.94 USD+0.45 
 ONE Gas Inc
61.45 USD+0.39 
ONEOK Inc
77.68 USD+0.60 
Ovintiv Inc
51.75 USD−0.54 
PHX Minerals Inc
3.18 USD−0.050 
SandRidge Energy Inc
14.29 USD−0.21 
Southwestern Energy Co
7.27 USD0.00 
Unit Corp
37.98 USD+0.38 
Vital Energy Inc
53.66 USD−1.36 
Williams Companies Inc
37.68 USD+0.030 
Other energy stocks had the same kind of day, according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.24 at 32.26 – change 0.74%

Cheniere (LNG) down 2.54 at 156.81 – change 1.64%

Chevron (CVX) up 0.12 at 156.40 – change 0.07%

ConocoPhillips (COP) down 1.20 at 126.33 – change 0.93%

Diamondback Energy (FANG) down 2.80 at 201.15 – change 1.38%

Energy Transfer LP (ET) up 0.13 at 15.23 – change 0.86%

Enterprise Products Partners (EPD) up 0.06 at 28.39 – change 0.21%

EOG Resources (EOG) down 0.57 at 132.40 – change 0.43%

Exxon Mobil (XOM) down 0.06 at 118.63 – change 0.06%

Kinder Morgan (KMI) up 0.07 at 17.76 – change 0.39%

Marathon Oil Corp. (MRO) down 0.67 at 27.68 – change 2.37%

NOV Inc. (NOV) down 0.39 at 18.47 – change 2.07%

Occidental Petroleum (OXY) down 0.84 at 65.98 – change 1.26%

Phillips 66 (PSX) down 0.63 at 157.25 – change 0.40%

Pioneer Natural Resources (PXD) up 0.53 at 267.79 – change 0.19%

Tellurian Inc. (TELL) down 0.05 at 0.38 – change 11.03%

Valero (VLO) down 1.71 at 167.28 – change 1.02%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.73 at 81.23 – change 2.17%

CenterPoint (CNP) up 0.48 at 27.70 – change 1.76%

Entergy (ETR) up 2.58 at 103.19 – change 2.56%

The post Crude oil prices dropped 3% in Wednesday’s trading first appeared on Oklahoma Energy Today.

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