Wednesday, May 11, 2011

Oasis Petroleum (NYSE:OAS) Trades Up as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, giving the share price of Oasis Petroleum (NYSE:OAS) a boost on the day.

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.

Oasis Petroleum Inc. participates in the acquisition and development of oil and natural gas resources via its its subsidiary, Oasis Petroleum LLC.

Oasis Petroleum (OAS) closed at $28.72, rising $0.06, or 0.21 percent.

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