Monday, April 25, 2011

Tesoro (TSO) (PQ) (CLR) (CRK) Close Mixed as Oil, Gas Continue to Rise

PetroQuest Energy (NYSE:PQ), Continental Resources (NYSE:CLR), Comstock Resources (NYSE:CRK) and Tesoro Corporation (NYSE:TSO) 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.

Tesoro Corporation closed Thursday at $27.99, falling $0.07, or 0.25 percent. Comstock Resources ended the day at $29.01, up $0.21, or 0.73 percent. Continental Resources closed at $68.72, rising $0.93, or 1.37 percent. PetroQuest Energy closed the session at $8.27, dropping $0.15, or 1.78 percent.

No comments: