Monday, April 25, 2011

Hess (HES) (SLB) (HAL) (APC) Close Up as Oil, Gas Continue to Rise

Schlumberger (NYSE:SLB), Hess Corporation (NYSE:HES), Halliburton (NYSE:HAL) and Anadarko (NYSE:APC) 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.

Anadarko closed Thursday at $79.07, dropping $1.08, or 1.35 percent. Halliburton ended the day at $50.48, rising $0.80, or 1.61 percent. Hess Corporation closed at $80.68, jumping $0.13, or 0.16 percent. Schlumberger closed the session at $89.78, up $1.89, or 2.15 percent.

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