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US crude oil prices started 2024 with a loss and so did the global benchmark, thanks to an ease in concerns about supplies being disrupted by Houthi attacks in the Red Sea.
West Texas Intermediate crude finished down $1.27 or 1.8% to $70.38 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude closed down $1.15 or 1.5% to finish at $75.89 a barrel on ICE Futures Europe.
February natural gas rose 6 cents to $2.57 per 1,000 cubic feet.
Oklahoma energy stocks were mixed in Tuesday’s trading with Empire Petroleum falling 6% while Williams Cos. gained 2%.
APA Corp. (Apache) (APA) up 0.23 at 36.11 – change 0.64%
Cheniere (LNG) down 1.30 at 169.41 – change 0.77%
Chevron (CVX) up 0.32 at 149.47 – change 0.21%
ConocoPhillips (COP) up 1.52 at 117.59 – change 1.30%
Diamondback Energy (FANG) up 1.93 at 157.01 – change 1.24%
Energy Transfer LP (ET) up 0.08 at 13.88 – change 0.57%
Enterprise Products Partners (EPD) up 0.28 at 26.64 – change 1.10%
EOG Resources (EOG) up 0.65 at 121.60 – change 0.53%
Exxon Mobil (XOM) up 2.38 at 102.36 – change 2.38%
Kinder Morgan (KMI) up 0.19 at 17.82 – change 1.07%
Marathon Oil Corp. (MRO) up 0.26 at 24.42 – change 1.07%
NOV Inc. (NOV) down 0.12 at 20.16 – change 0.60%
Occidental Petroleum (OXY) up 0.34 at 60.05 – change 0.56%
Phillips 66 (PSX) up 1.14 at 134.29 – change 0.86%
Pioneer Natural Resources (PXD) up 5.40 at 230.28 – change 2.40%
Tellurian Inc. (TELL) down 0.01 at 0.74 – change 1.16%
Valero (VLO) up 0.66 at 130.66 – change 0.50%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 1.96 at 83.18 – change 2.41%
CenterPoint (CNP) up 0.44 at 29.01 – change 1.54%
Entergy (ETR) up 1.45 at 102.64 – change 1.43%
The post Crude oil starts New Year on a down note first appeared on Oklahoma Energy Today.
