Wednesday, May 11, 2011

Range Resources (RRC) Trades Up as Oil, Gas Rise

Range Resources (NYSE:RRC) 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.

Range Resources participates in the exploration, development, and acquisition of natural gas properties in the United States.

Range Resources (RRC) closed Tuesday at $54.37, rising $0.56, or 1.04 percent.

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