Make it six straight days of dropping crude oil prices.
On Thursday, prices fell about half-a-dollar on word that President Trump and Russian President Vladimir Putin will meet, possibly in a few days, all in the name of bringing an end to the war between Russia and Ukraine.
The fall in prices came after a 1% drop on Wednesday as Brent and WTI are at their lowest levels in eight weeks.
Global benchmark Brent crude finished down 46 cents or 0.7% at $66.43 a barrel.
West Texas Intermediate, considered the U.S. standard, dropped 47 cents or 0.7% before settling at $63.88 a barrel on the New York Mercantile Exchange.
A majority of Oklahoma energy stocks finished the day with losses including a more than 3% drop for LSB Industries. Despite the majority seeing losses for the day, some firms still recorded significant gains including SandRidge Energy with a nearly 7% jump for the day.
Alliance Resource Partners LP
25.70 USD−0.060 (0.23%)
23.77 USD−0.48 (1.98%)
32.39 USD−0.060 (0.18%)
4.35 USD−0.12 (2.68%)
100.01 USD−1.64 (1.61%)
168.72 USD−3.34 (1.94%)
7.40 USD−0.25 (3.27%)
Mach Natural Resources LP
14.81 USD+0.060 (0.41%)
Mammoth Energy Services Inc
2.45 USD−0.060 (2.39%)
NGL Energy Partners LP Unit
4.00 USD−0.050 (1.23%)
38.90 USD−0.64 (1.62%)
0.40 USD−0.0023 (0.57%)
57.89 USD−0.76 (1.30%)