Monday, April 25, 2011

Apache (APA) (END) (KOG) (EGY) Close Mixed as Oil, Gas Continue to Rise

Endeavour International (NYSE:END), Kodiak Oil & Gas (AMEX:KOG), Vaalco Energy (NYSE:EGY) and Apache Corp (NYSE:APA) closed mixed Thursday as oil and gas prices continue to move up.

Crude oil prices climbed above $112 a barrel on the New York Mercantile Exchange Friday while the U.S. dollar was up after three days of faltering.

The dollar index jumped 0.14 percent to 74.10, making up a little lost ground.

May delivery crude oil rose 80 cents in New York to $112.25 a barrel. Home heating oil fell 1.85 cents to $3.2174 a gallon. Reformulated blendstock gasoline was up 2.93 cents to $3.2777 a gallon.

Henry Hub natural gas prices gained 11.3 cents to $4.423 per million British thermal units.

According to the AAA, the national average price of unleaded gasoline rose to $3.848 a gallon Friday from Thursday's $3.84.

Apache Corp. closed Thursday at $123.32, falling $0.59, or 0.48 percent. Vaalco Energy ended the day at $6.95, level with the prior close. Kodiak Oil & Gas closed at $7.24, rising $0.11, or 1.54 percent. Endeavour International closed the session at $14.83, jumping $0.33, or 2.28 percent.

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