Several were down double digits on the month, with leading oil dividend stocks Devon Energy (NYSE: DVN), Diamondback Energy (NASDAQ: FANG), and Occidental Petroleum (NYSE: OXY) all tumbling more than 15% in June, according to data provided by S&P Global Market Intelligence. West Texas Intermediate (WTI), the primary U.S. oil price benchmark, fell 7.8% last month, closing at $105.76 per barrel. Meanwhile, there are increasing fears that rising interest rates to combat inflation will cause a recession and impact demand for refined petroleum products like jet fuel, gasoline, and diesel.