Wednesday, May 18, 2011

Shares of BP (BP) (COP) (XOM) (RDS-A) (DVN) Close Up

Dropping fuel prices prices didn't stop shares of BP (NYSE:BP), ConocoPhillips (NYSE:COP), ExxonMobil (NYSE:XOM), Royal Dutch Shell (NYSE:RDS-A) and Devon Energy from all closing up on Tuesday.

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.

Exxon closed Tuesday at $80.41, gaining $0.17, or 0.21 percent.

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