Chevron (CVX) (RIG) (DRQ) (UPL) (CRZO) Trade Up as Energy Falls

Shares of Chevron (NYSE:CVX), Transocean (NYSE:RIG), Dril-Quip, Inc. (NYSE:DRQ), Ultra Petroleum (NYSE:UPL) and Carrizo Oil & Gas (NASDAQ:CRZO) traded up on Thursday, although oil and gas fell on the day.

After the International Energy Agency expressed concerns about the effects of higher oil and gasoline prices on the global economy, oil fell in Thursday trading.

Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.

June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.

Transocean (NYSE:RIG) closed Thursday at $69.06, jumping $1.14, or 1.68 percent.