Monday, April 18, 2011

Apache (APA) (TSO) (EGY) (XCO) Closed Mixed as Oil, Gas Continue to

Apache Corp (NYSE:APA), Tesoro Corporation (NYSE:TSO), Vaalco Energy (NYSE:EGY) and Exco Resources Inc. (NYSE:XCO) 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 it is about rise to that level in New York and Washington, D.C. over the weekend.

Exco Resources Inc. closed Friday at $20.66, falling $0.12, or 0.58 percent. Vaalco Energy closed at $6.88, gaining $0.06, or 0.88 percent. Tesoro Corporation ended the session at $26.54, gaining $0.41, or 1.57 percent. Apache closed at $122.40, down $0.01, or 0.01 percent.

No comments: