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Stronger dollar led to lower oil prices on Friday
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Stronger dollar led to lower oil prices on Friday

Stronger dollar led to lower oil prices on Friday

Crude oil traders are hoping for higher prices as the US trading week begins on Monday, after a $2 per barrel drop was recorded on Friday.

It was the lowest level for oil since mid-June, thanks to a stronger dollar and a possible ceasefire in Gaza.

West Texas Intermediate crude oil futures fell $2.69, or 3.3%, to $80.13 a barrel on the New York Mercantile Exchange.

Brent crude closed down $2.48, or 2.9%, per barrel at $82.63 on ICE Futures Europe.

Natural gas prices in August remained flat at $2.13 per 1,000 cubic feet.

Oklahoma energy stocks had a mixed trading day, with a narrow majority posting losses. Imperium Petroleum had one of the largest declines of 6%.

Alliance Resource Partners, LP

25.51 U.S. dollar+0.070

2.30 U.S. dollar-0.060

81.01 U.S. dollar-0.33

26.80 U.S. dollar-0.31

47.74 U.S. dollar-0.72

5.04 U.S. dollar-0.32

157.92 U.S. dollar+3.27

38.21 U.S. dollar−1.02

8.30 U.S. dollar-0.11

Mach Natural Resources LP

19.56 U.S. dollar-0.17

Mammoet Energy Services Inc.

NGL Energy Partners LP unit

37.04 U.S. dollar+0.020

68.30 U.S. dollar−0.19

83.47 U.S. dollar+0.030

47.24 U.S. dollar−0.56

3.24 U.S. dollar-0.040

13.41 U.S. dollar+0.030

6.68 U.S. dollar-0.010

45.67 U.S. dollar−0.29

According to US energy sector analysts, trading declined on Friday. Texas Energy Report.

APA Corp. (Apache) (APA translation) down 0.15 bee 32.01 – change 0.44%

Cheniere (LNG gas) down 0.10 bee 181.93 – change 0.06%

Chevron (CVX number) down 2.82 bee 159.15 – change 1.75%

ConocoPhillips (COP) down 2.26 bee 114.35 – change 1.94%

Diamondback energy (CANINE) down 4.56 bee 205.47 – change 2.18%

Energy transfer LP (AND) up 0.09 bee 16.44 – change 0.55%

Business Product Partners (EPD) up 0.17 bee 30.00 – change 0.56%

EOG sources (EOG file) down 2.98 bee 129.25 – change 2.26%

ExxonMobil (XOM) down 2.73 bee 116.07 – change 2.30%

Children’s Morgan (KMI number) up 0.44 bee 21.49 – change 2.09%

Marathon Oil Corp. (MRO system) down 0.54 bee 28.72 – change 1.85%

NOV Inc. (November) down 0.29 bee 18.97 – change 1.46%

Occidental Petroleum (OXY-) down 0.60 bee 63.13 – change 0.95%

Phillips 66 (PSX version) up 0.77 bee 138.47 – change 0.55%

Tellurian Inc. (NARRATE) down 0.05 to 0.57 – change 7.33%

Valero (FLEA-) up 0.55 bee 148.33 – change 0.37%

CLOSING OF TOP UTILITY STOCKS

American electrical energy (AEP-) down 0.35 bee 93.14 – change 0.38%

Center (CNP member) up 0.15 bee 28.97 – change 0.52%

Entergy (ETR text) down 0.25 bee 110.48 – change 0.23%