Monday, April 25, 2011

PetroChina (PTR) (ROSE) (GEOI) (NOG) Close Up as Oil, Gas Continue to Rise

Rosetta Resources (Nasdaq:ROSE), GeoResources (Nasdaq:GEOI), Northern Oil and Gas (AMEX:NOG) and PetroChina (NYSE:PTR) closed up 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.

PetroChina closed Thursday at $151.99, gaining $0.48, or 0.32 percent. Northern Oil and Gas ended the day at $23.95, up $0.26, or 1.10 percent. GeoResources closed at $28.79, rising $0.64, or 2.27 percent. Rosetta Resources closed the session at $45.66, jumping $1.06, or 2.38 percent.

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