Wednesday, May 11, 2011

FMC Technologies, Inc. (NYSE:FTI) Trades Up as Oil, Gas Rise

FMC Technologies, Inc. (NYSE:FTI) traded up Tuesday as crude oil, natural gas and gasoline prices jumped, pushing up the share price of the company.

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.

FMC Technologies, Inc. supplies technology solutions for the energy industry and other industrial markets.

FMC Technologies, Inc. (NYSE:FTI) closed Tuesday at $43.71, rising $0.71, or 1.65 percent.

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