On a volatile day for oil prices, shares of Baker Hughes Incorporated (NYSE:BHI), Encana Corp. (NYSE:ECA), Tesoro Corporation (NYSE:TSO), Cameron International (NYSE:CAM) and ConocoPhillips (NYSE:COP) closed mixed on the uncertainty following the death of Osama bin Laden.
Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.
Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.
Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.
Encana Corp. closed Monday at $33.72, gaining $0.19, or 0.57 percent.
Tuesday, May 3, 2011
Tesoro (TSO) (BHI) (ECA) (CAM) (COP) Trade Mixed on Volatile Energy Day
Labels:
Baker Hughes,
Cameron International,
Conocophillips,
Encana Corp,
Tesoro
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