Transocean (RIG) (PETD) (PXP) (NOG) (RDS-A) Trade Positive as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share prices of Transocean (NYSE:RIG), PDC Energy (NASDAQ:PETD), Plains Exploration & Production (NYSE:PXP), Northern Oil and Gas (Amex:NOG) and Shell (NYSE:RDS-A).

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.

Uncertainty remains as to the effects of the flooding along the Mississippi River could have on regional refinery operations, which could slow down gasoline production and put upward pressure on prices.

Transocean (RIG) closed at $68.36, up $0.39, or 0.59 percent.