Monday, April 25, 2011

Chevron (CVX) (VQ) (CWEI) (XCO) Close Up as Oil, Gas Continue to Rise

Venoco Inc. (VQ), Clayton Williams Energy (CWEI), Exco Resources Inc. (XCO) and Chevron (NYSE:CVX) closed up Thursday as oil and gas prices continue to climb.

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.

Venoco Inc. closed Thursday at $16.88, gaining $0.39, or 2.37 percent. Clayton Williams Energy ended the day at $94.99, up $0.81, or 0.86 percent. Exco Resources Inc. closed at $20.70, rising $0.30, or 1.47 percent. Chevron closed the session at $108.13, jumping $0.32, or 0.30 percent.

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