Anadarko (NYSE:APC), Transocean (NYSE:RIG), Valero Energy (NYSE:VLO) and Northern Oil and Gas (Amex:NOG) closed mixed on Friday even as oil prices continued to rise, along with gasoline prices, which have risen on national average for 24 days in a row.
Benchmark West Texas Intermediate crude for May delivery on Friday climbed $1.55 to settle at $109.66 a barrel on the New York Mercantile Exchange. At one point it rose to $110.10. In London, Brent crude added $1.45 to settle at $123.45 a barrel on the ICE Futures exchange.
Gasoline Friday rose 5.45 cents to settle at $3.2892 a gallon. Natural gas dropped 0.8 cent to settle at $4.204 per 1,000 cubic feet. Heating oil increased 3.52 cents to settle at $3.2242 a gallon.
The average price of gasoline is now above $4 a gallon in five states, and may rise to that level in New York and Washington, D.C. over the weekend.
Northern Oil and Gas closed Friday at $23.36, falling $0.36, or 1.52 percent. Transocean closed at $33.58, dropping $2.41, or 3.09 percent. Anadarko ended the session at $80.42, gaining $1.04, or 1.31 percent. Valero Energy closed at $27.54, down $0.06, or 0.22 percent.
Monday, April 18, 2011
Anadarko (APC) (RIG) (VLO) (NOG) Closed Mixed as Oil, Gas Continue to
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