Wednesday, May 11, 2011

Apache (NYSE:APA) Trades Positive as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share price of Apache Corporation (APA).

Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.

Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.

Apache Corporation participates in the exploration, development, and production of natural gas, crude oil, and natural gas liquids.

Apache closed at $127.95, gaining $0.62, or 0.49 percent.

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