Wednesday, May 11, 2011

Carrizo Oil & Gas (CRZO) Trades Up as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, giving the share price of Carrizo Oil & Gas (NASDAQ:CRZO) 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.

For the most part, Carrizo Oil & Gas, Inc. participates in the exploration, development, production, and transportation of natural gas and oil in the United States.

Carrizo Oil & Gas (CRZO) closed at $37.13, rising $0.62, or 1.70 percent.

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