Monday, April 25, 2011

Exxon Mobil (XOM) (MRO) (BEXP) (STR) Close Up as Oil, Gas Continue to Rise

Brigham Exploration (Nasdaq:BEXP), Questar Corporation (NYSE:STR), Marathon Oil (NYSE:MRO) and Exxon Mobil (NYSE:XOM) 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.

Exxon Mobil closed Thursday at $86.36, gaining $0.71, or 0.83 percent. Marathon Oil ended the day at $53.84, up $0.35, or 0.64 percent. Questar Corporation closed at $17.12, rising $0.08, or 0.47 percent. Brigham Exploration closed the session at $34.16, dropping $0.30, or 0.87 percent.

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