Wednesday, May 18, 2011

Shares of (PBR) (HES) (WTI) (OAS) (RRC) Close Up

Petrobras (NYSE:PBR), Hess Corporation (NYSE:HES), W&T Offshore (NYSE:WTI), Oasis Petroleum (NYSE:OAS) and Range Resources (NYSE:RRC) all closed up on Tuesday even 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.

Petrobras (PBR) closed Tuesday at $34.27, gaining $0.65, or 1.93 percent.

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