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Crude oil prices finished down on Thursday—so did most Oklahoma energy stocks. And for the first time in weeks, world oil prices dropped below $90 a barrel.
Inflation predictions played a role in things as analysts believe it will not bring lower U.S. interest rates. Plus, there’s the matter of whether Iran will respond to Israeli attacks in Syria.
West Texas Intermediate crude, considered the US benchmark, finished down $1.19 or 1.4% to $85.02 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude dropped 74 cents or 0.8% to finish at $89.74 a barrel on ICE Futures Europe.
APA Corp. (Apache) (APA) down 0.65 at 34.40 – change 1.86%
Cheniere (LNG) up 0.79 at 158.85 – change 0.49%
Chevron (CVX) down 0.78 at 161.88 – change 0.48%
ConocoPhillips (COP) up 0.10 at 132.91 – change 0.07%
Diamondback Energy (FANG) up 2.02 at 208.26 – change 0.98%
Energy Transfer LP (ET) down 0.10 at 15.68 – change 0.64%
Enterprise Products Partners (EPD) up 0.07 at 29.22 – change 0.24%
EOG Resources (EOG) down 0.68 at 137.27 – change 0.50%
Exxon Mobil (XOM) down 0.41 at 121.79 – change 0.34%
Kinder Morgan (KMI) up 0.08 at 18.35 – change 0.43%
Marathon Oil Corp. (MRO) down 0.22 at 29.46 – change 0.75%
NOV Inc. (NOV) down 0.19 at 20.09 – change 0.94%
Occidental Petroleum (OXY) up 0.32 at 69.26 – change 0.46%
Phillips 66 (PSX) up 0.25 at 165.41 – change 0.15%
Pioneer Natural Resources (PXD) down 0.58 at 274.74 – change 0.22%
Tellurian Inc. (TELL) down 0.02 at 0.50 – change 3.74%
Valero (VLO) up 1.34 at 177.04 – change 0.76%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.38 at 82.91 – change 0.46%
CenterPoint (CNP) up 0.21 at 27.58 – change 0.76%
Entergy (ETR) down 0.73 at 103.83 – change 0.70%
The post Inflation worries send crude prices downward first appeared on Oklahoma Energy Today.
