Tuesday, April 12, 2011

Halliburton (HAL) (APC) (APA) Down as Oil Prices Fall

After oil prices had been steadily rising recently, they pulled back on Monday, pushing down the share prices of giant energy companies like Anadarko (NYSE:APC), Halliburton (NYSE:HAL) and Apache Corp (NYSE:APA).

On the New York Mercantile Exchange, crude oil fell 3.3 percent or $3.77 to $109.04 a barrel. Reformulated blendstock gasoline prices was down 0.6 cents to $3.1945 a gallon.

According to AAA, the national average price of unleaded gasoline rose to $3.77 a gallon Monday from $3.761 on Sunday.

Apache Corp closed Monday at $126.25, falling $3.91, or 3.00 percent. Halliburton closed at $46.93, down $1.20, or 2.49 percent. Anadarko closed at $81.11, dropping $3.60, or 4.25 percent.

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