Wednesday, May 11, 2011

Marathon (NYSE:MRO) Trades Positive as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share price of Marathon Oil (MRO).

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.

Marathon Oil Corporation, through its subsidiaries, operates as an integrated energy company, for the most part, in North America, Europe and Africa.

Marathon Oil closed at $52.43, gaining $0.24, or 0.46 percent.

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