Devon (DVN) Trades Down While Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share price of Devon (NYSE:DVN).

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.

Separately, Devon Energy was given permission by the Brazilian government to sell assets to BP (NYSE:BP).

Devon Energy Corporation participates in the exploration, development, and production of natural gas and oil; transportation of oil, gas, and natural gas liquids; and processing of natural gas.

Devon (DVN) closed at $85.48, dropping $0.07, or 0.08 percent.