Monday, April 18, 2011

Devon (DVN (CAM) (PTR) (STR) Closed Mixed as Oil, Gas Continue to

Cameron International (NYSE:CAM), Devon Energy (NYSE:DVN), PetroChina (NYSE:PTR) and Questar Corporation (NYSE:STR) 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.

Questar closed Friday at $17.13, gaining $0.19, or 1.12 percent. PetroChina closed at $152.17, jumping $0.81, or 0.54 percent. Devon Energy ended the session at $87.82, up $0.05, or 0.06 percent. Cameron International closed at $53.35, falling $0.02, or 0.04 percent.

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