Crude oil up—OK energy stocks down

Crude oil prices saw a third consecutive day of gains in Wednesday’s trading largely because of the Federal Reserve chairman’s remarks that eased worries about interest rate hikes.

It didn’t seem to help Oklahoma energy stocks as they experienced mostly moderate losses.

West Texas Intermediate crude rose $1.33 or 1.7% to reach $78.47 on the New York Mercantile Exchange.

Global benchmark Brent crude managed a $1.40 increase or 1.7% to close at $85.09 on ICE Futures Europe.

March natural gas fell 18 cents to $2.40 per 1,000 cubic feet.

Most Oklahoma energy stocks had a weak day in Wednesday’s trading. Chesapeake Energy and Gulfport each fell more than 3% and NGL Energy was nearly the same.

Most other energy stocks also recorded losses for the day according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 1.57 at 42.12 – change 3.60%

Cheniere (LNG) down 1.19 at 148.74 – change 0.80%

Chevron (CVX) down 4.09 at 170.00 – change 2.39%

ConocoPhillips (COP) down 1.23 at 110.79 – change 1.10%

Diamondback Energy (FANG) up 0.73 at 144.29 – change 0.50%

Energy Transfer LP (ET) down 0.08 at 12.78 – change 0.55%

Enterprise Products Partners (EPD) up 0.01 at 25.85 – change 0.03%

EOG Resources (EOG) up 0.86 at 128.23 – change 0.67%

ExxonMobil (XOM) down 1.00 at 113.92 – change 0.88%

Kinder Morgan (KMI) down 0.06 at 18.22 – change 0.33%

Marathon Oil Corp. (MRO) down 0.27 at 26.60 – change 1.01%

NOV Inc. (NOV) up 0.10 at 23.37 – change 0.42%

Occidental Petroleum (OXY) down 0.67 at 63.93 – change 1.04%

Phillips 66 (PSX) up 0.46 at 102.74 – change 0.44%

Pioneer Natural Resources (PXD) down 2.19 at 223.88 – change 0.97%

Tellurian Inc. (TELL) down 0.17 at 1.89 – change 8.26%

Valero (VLO) down 0.40 at 134.12 – change 0.30%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.90 at 90.38 – change 2.06%

CenterPoint (CNP) down 0.57 at 29.04 – change 1.93%

Entergy (ETR) down 2.16 at 105.60 – change 2.01%

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