Tuesday’s trading sent crude oil and Oklahoma energy stocks down

Not only did crude oil prices drop in Tuesday’s trading, but Oklahoma energy stocks did as well.

Analysts blamed growing worries about the global demand offsetting price support from the Israel-Hamas war.

West Texas Intermediate for March delivery which expired Tuesday settled down $1.01 or 1.3% to $78.18 a barrel on the New York Mercantile Exchange. The more April WTI contract finished down $1.30 or 1.4% at $77.04 a barrel.

Brent crude,the global benchmark fell $1.22 or 1.5% and closed at $82.34 a barrel. However, the six-month spread for Brent was at its highest since October.

March natural gas fell 3 cents to $1.58 per 1,000 cubic feet.

Nearly every one of the Oklahoma energy stocks we report on for the markets lost in Tuesday’s trading.

The Texas Energy Report indicated other energy stocks had the same kind of day.

APA Corp. (Apache) (APA) down 0.59 at 30.98 – change 1.87%

Cheniere (LNG) up 0.73 at 161.10 – change 0.45%

Chevron (CVX) down 0.63 at 154.00 – change 0.41%

ConocoPhillips (COP) down 1.03 at 109.54 – change 0.94%

Diamondback Energy (FANG) down 1.36 at 178.06 – change 0.76%

Energy Transfer LP (ET) up 0.09 at 14.64 – change 0.61%

Enterprise Products Partners (EPD) up 0.18 at 27.43 – change 0.66%

EOG Resources (EOG) down 0.43 at 113.13 – change 0.38%

Exxon Mobil (XOM) down 0.98 at 102.75 – change 0.95%

Kinder Morgan (KMI) down 0.05 at 17.05 – change 0.30%

Marathon Oil Corp. (MRO) down 0.10 at 23.17 – change 0.43%

NOV Inc. (NOV) down 0.09 at 17.13 – change 0.53%

Occidental Petroleum (OXY) down 0.96 at 59.56 – change 1.59%

Phillips 66 (PSX) down 2.67 at 141.13 – change 1.86%

Pioneer Natural Resources (PXD) down 2.44 at 229.14 – change 1.05%

Tellurian Inc. (TELL) down 0.08 at 0.81 – change 8.84%

Valero (VLO) down 4.51 at 135.03 – change 3.24%

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CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.47 at 80.88 – change 0.58%

CenterPoint (CNP) down 0.09 at 27.79 – change 0.33%

Entergy (ETR) down 0.15 at 100.01 – change 0.14%