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Friday, April 29, 2011

Petrohawk (HK) (NOG) (OAS) (HNR) (PXP) Close Mixed as Oil, Gas Rise

Petrohawk Energy Corp. (NYSE:HK), Northern Oil and Gas (Amex:NOG), Oasis Petroleum (NYSE:OAS), Harvest Natural Resources (NYSE:HNR) and Plains Exploration & Production (NYSE:PXP) closed mixed as oil, gasoline and natural gas moved up in price Thursday.

Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.

Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.

In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.

Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.

The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.

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