Oasis Petroleum (NYSE:OAS), Berry Petroleum (NYSE:BRY), Brigham Exploration (Nasdaq:BEXP) and Callon Petroleum (NYSE:CPE) closed mixed on Friday even as oil prices continued to rise, along with gasoline prices, which have risen on national average for 24 days in a row.
Benchmark West Texas Intermediate crude for May delivery on Friday climbed $1.55 to settle at $109.66 a barrel on the New York Mercantile Exchange. At one point it rose to $110.10. In London, Brent crude added $1.45 to settle at $123.45 a barrel on the ICE Futures exchange.
Gasoline Friday rose 5.45 cents to settle at $3.2892 a gallon. Natural gas dropped 0.8 cent to settle at $4.204 per 1,000 cubic feet. Heating oil increased 3.52 cents to settle at $3.2242 a gallon.
The average price of gasoline is now above $4 a gallon in five states, and it is about rise to that level in New York and Washington, D.C. over the weekend.
Callon Petroleum closed Friday at $6.70, gaining $0.06, or 0.90 percent. Brigham Exploration closed at $33.58, falling $0.22, or 0.65 percent. Berry Petroleum ended the session at $51.06, up $1.27, or 2.55 percent. Oasis Petroleum closed at $30.49, up $0.68, or 2.28 percent.
Monday, April 18, 2011
Oasis (OAS) (BRY) (BEXP) (CPE) Closed Mixed as Oil, Gas Continue to
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