Wednesday, May 11, 2011

Berry Petroleum (BRY) Trades Up as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, giving the share price of Berry Petroleum (NYSE:BRY) a boost.

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.

Berry Petroleum participates in the production, development, acquisition, exploitation, and exploration of crude oil and natural gas in the United States.

Berry Petroleum (BRY) closed at $50.05, rising $1.03, or 2.10 percent.

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