Wednesday, May 11, 2011

Hess (HES) Trades Down While Oil, Gas Rise

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

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.

Hess Corporation is a global firm which operates as an integrated energy company.

Hess Corporation (HES) closed at $79.67, dropping $0.28, or 0.35 percent.

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