Sunday , April 28 2024

Crude oil slips as dollar grows stronger

 

As the dollar strengthened and U.S. crude and gasoline stocks made a surprise jump, crude oil prices fell for a second consecutive day in trading on Wednesday. At the same time, it proved to be a strong day for Oklahoma energy stocks.

West Texas Intermediate crude dropped 27 cents or 0.3% to $81.35 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude slipped 16 cents or 0.2% and finished at $86.09 a barrel on ICE Futures Europe.

May natural gas fell 7 cents to $1.72 per 1,000 cubic feet.

Most Oklahoma energy stocks had strong performances on Wednesday with a 6% gain for Empire Petroleum Corp. 

 

Alliance Resource Partners, L.P.
20.18 USD+0.21 
Canoo Inc
3.25 USD−0.19 
Chesapeake Energy Corp
87.73 USD+2.00 
Coterra Energy Inc
27.86 USD+0.40 
Devon Energy Corp
49.47 USD+0.69 
Empire Petroleum Corp
5.02 USD+0.28 
Gulfport Energy Corp
159.88 USD+2.49 
Helmerich and Payne Inc
42.23 USD+0.84 
LSB Industries Inc
8.52 USD+0.55 
Mach Natural Resources LP
19.04 USD+0.040 
Mammoth Energy Services Inc
3.63 USD−0.100 
Matrix Service Co
13.37 USD+0.010 
 NGL Energy Partners LP
5.75 USD−0.010 
OGE Energy Corp
34.35 USD+0.98 
ONE Gas Inc
63.46 USD+1.59 
ONEOK Inc
79.60 USD+0.93 
Ovintiv Inc
51.36 USD+0.16 
PHX Minerals Inc
3.32 USD+0.050 
SandRidge Energy Inc
14.51 USD+0.37 
Southwestern Energy Co
7.51 USD+0.18 
 Unit Corp
36.66 USD+0.59 
Vital Energy Inc
50.76 USD+1.19 
Williams Companies Inc
38.54 USD+0.45 
Other energy stocks had the same kind of day in trading, according to the Texas Energy Report.

APA Corp. (Apache) (APA) up 0.83 at 33.71 – change 2.52%

Cheniere (LNG) up 1.40 at 161.13 – change 0.87%

Chevron (CVX) up 1.08 at 156.35 – change 0.69%

ConocoPhillips (COP) up 0.85 at 126.84 – change 0.67%

Diamondback Energy (FANG) up 2.27 at 196.53 – change 1.17%

Energy Transfer LP (ET) up 0.05 at 15.54 – change 0.32%

Enterprise Products Partners (EPD) down 0.01 at 29.05 – change 0.04%

EOG Resources (EOG) up 0.61 at 126.39 – change 0.48%

Exxon Mobil (XOM) up 1.18 at 114.97 – change 1.03%

Kinder Morgan (KMI) up 0.24 at 18.14 – change 1.34%

Marathon Oil Corp. (MRO) up 0.27 at 27.71 – change 0.98%

NOV Inc. (NOV) up 0.15 at 19.20 – change 0.78%

Occidental Petroleum (OXY) up 0.88 at 64.20 – change 1.38%

Phillips 66 (PSX) up 2.36 at 158.96 – change 1.50%

Pioneer Natural Resources (PXD) up 3.15 at 260.00 – change 1.22%

Tellurian Inc. (TELL) up 0.01 at 0.59 – change 2.16%

Valero (VLO) up 0.56 at 167.81 – change 0.33%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 2.31 at 84.80 – change 2.81%

CenterPoint (CNP) up 1.06 at 28.29 – change 3.89%

Entergy (ETR) up 2.52 at 104.88 – change 2.47%

The post Crude oil slips as dollar grows stronger first appeared on Oklahoma Energy Today.

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