Monday, April 25, 2011

Petrohawk (HK) (CXPO) (PETD) Close Mixed as Oil, Gas Continue to Rise

Crimson Exploration (Nasdaq:CXPO), PDC Energy (Nasdaq:PETD) and Petrohawk Energy (NYSE:HK) 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.

Petrohawk Energy closed Thursday at $27.19, gaining $0.28, or 1.04 percent. PDC Energy ended the day at $40.28, down $0.41, or 1.01 percent. Crimson Exploration closed at $3.86, down $0.05, or 1.28 percent.

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