Monday, April 18, 2011

BP (BP) (MRO) (HAL) (PBR) Closed Mixed as Oil, Gas Continue to

BP (NYSE:BP), Marathon Oil (NYSE:MRO), Halliburton (NYSE:HAL) and Petrobras (NYSE:PBR) 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.

Petrobras closed Friday at $37.24, gaining $0.87, or 2.36 percent. Halliburton closed at $46.82, jumping $0.68, or 1.47 percent. Marathon Oil ended the day at $51.33, up $0.16, or 0.31 percent. BP closed at $44.96, falling $0.58, or 1.27 percent.

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