Monday, April 25, 2011

Devon Energy (DVN) (OAS) (UPL) (EPM) Close Mixed as Oil, Gas Continue to Rise

Oasis Petroleum (NYSE:OAS), Ultra Petroleum (NYSE:UPL), Evolution Petroleum (AMEX:EPM) and Devon Energy (NYSE:DVN) 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 dropping in value.

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.

Devon Energy closed Thursday at $89.11, gaining $0.27, or 0.30 percent. Evolution Petroleum ended the day at $7.91, down $0.02, or 0.25 percent. Ultra Petroleum closed at $47.65, falling $0.48, or 1.00 percent. Oasis Petroleum closed the session at $30.50, jumping $0.60, or 2.01 percent.

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