Most oil and related companies performed strong Monday, as Oasis Petroleum (NYSE:OAS), Whiting Petroleum (NYSE:WLL), FMC Technologies, Inc. (NYSE:FTI), Gastar Exploration Ltd (AMEX:GST) and Anadarko (NYSE:APC) traded mixed as the price of oil rebounded.
Gastar was the only one of the list above to close down Monday.
Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.
Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.
Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.
The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.
Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.
Whiting Petroleum (WLL) closed Monday at $65.19, soaring $2.81, or 4.50 percent.
Tuesday, May 10, 2011
Oasis (OAS) (WLL) (FTI) (GST) (APC) Trade Mixed as Oil Prices Rebound
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