Wednesday, May 18, 2011

Shares of (APC) (RIG) (HAL) (CVX) (MRO) Close Down

Anadarko (NYSE:APC), Transocean (NYSE:RIG), Halliburton (NYSE:HAL), Chevron (NYSE:CVX) and Marathon Oil (NYSE:MRO) all closed down on Tuesday as energy prices were falling

Benchmark crude for June delivery dropped 47 cents to settle at $96.91 a barrel on the New York Mercantile Exchange. It fell as low as $95.02 during the trading session.

Natural gas was down 3 percent, falling 13.3 cents to $4.246 per 1,000 cubic feet.

In Nymex trading in June contracts, heating oil fell 2.93 cents to settle at $2.8451 per gallon, gasoline futures were down 1.18 cents to settle at $2.9193 a gallon and natural gas declined 13.3 cents to settle at $4.246 per 1,000 cubic feet.

In London, Brent crude for June delivery was lower by 85 cents to settle at $109.99 on the ICE Futures exchange.

Chevron (CVX) closed Tuesday at $100.41, falling $0.46, or 0.46 percent.

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