A weak U.S. jobs report led to a more than 2% loss in crude oil prices on Friday as some believe it dimmed the outlook for energy demand.
Plus, there was the increase in U.S. crude oil supplies as reported on Thursday.
Brent crude, the global standard, dropped $1.49 or 2.22% to settle at $65.50 a barrel.
West Texas Intermediate in the states fell $1.61 or 2.54% and closed at $61.87 a barrel on the New York Mercantile Exchange.
Natural gas prices fell $0.026 or 0.85% to finish the day at $3.048 per MMBtu.
Friday resulted in a day of losses for the majority of Oklahoma energy stocks. Vital Energy recorded the biggest percentage drop at nearly 6% while four firms had 3% declines for the day.
Alliance Resource Partners LP
23.98 USD−0.41 (1.68%)
34.76 USD−0.82 (2.29%)
95.51 USD−1.15 (1.19%)
175.14 USD−0.48 (0.27%)
20.20 USD−0.61 (2.93%)
Mach Natural Resources LP
14.04 USD−0.060 (0.43%)
Mammoth Energy Services Inc
2.29 USD−0.060 (2.55%)
14.58 USD−0.060 (0.41%)
NGL Energy Partners LP Unit
5.75 USD−0.050 (0.86%)
44.15 USD−0.15 (0.34%)
72.63 USD−1.75 (2.35%)
41.09 USD−1.51 (3.54%)
11.44 USD−0.37 (3.13%)
0.30 USD−0.0100 (3.22%)
16.40 USD−0.99 (5.69%)
57.20 USD−0.38 (0.66%)