Monday, April 25, 2011

Encana (ECA) (SHI) (CAM) (COP) Close Up as Oil, Gas Continue to Climb

Encana Corp. (NYSE:ECA), SINOPEC Shangai Petrochemical (NYSE:SHI), Cameron International (NYSE:CAM) and ConocoPhillips (NYSE:COP) 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 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.

ConocoPhillips closed Thursday at $80.73, gaining $0.74, or 0.93 percent. Cameron International ended the day at $54.53, falling $0.35, or 0.64 percent. SINOPEC Shangai Petrochemical closed at $48.95, down $0.10, or 0.20 percent. Encana Corp. closed the session at $32.56, dropping $0.22, or 0.67 percent.

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