Monday, April 25, 2011

Petrobras (PBR) (CPE) (RDS-A) (CHK) Close Mixed as Oil, Gas Continue to Rise

Callon Petroleum (NYSE:CPE), Chesapeake Energy Corp. (NYSE:CHK), Petrobras (NYSE:PBR) and Royal Dutch Shell (NYSE:RDS-A) 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.

Callon Petroleum closed Thursday at $6.53, falling $0.03, or 0.46 percent. Royal Dutch Shell ended the day at $74.69, up $0.54, or 0.73 percent. Petrobras closed at $38.22, rising $0.38, or 1.00 percent. Chesapeake Energy Corp. closed the session at $32.69, jumping $0.48, or 1.49 percent.

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