Chevron (CVX) (CWEI) (CLR) (EPM) (NOV) Trade Up as Oil Prices Jump

The majority of oil and related companies performed strong Monday, as Chevron (NYSE:CVX), Clayton Williams Energy (NASDAQ:CWEI), Continental Resources (NYSE:CLR), Evolution Petroleum (Amex:EPM) and National-Oilwell Varco, Inc. (NYSE:NOV) traded up as the price of oil rebounded.

Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.

Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.

Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.

The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.

Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.

National-Oilwell Varco, Inc. (NOV) closed Monday at $70.67, climbing $2.07, or 3.02 percent.