Ultra Petroleum (UPL) Trades Up as Oil, Gas Rise

Ultra Petroleum (NYSE:UPL) traded up Tuesday as crude oil, natural gas and gasoline prices jumped, pushing up the share price of the company.

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.

Ultra Petroleum Corp. participates in the acquisition, exploration, development, production, and operation of oil and natural gas properties.

Ultra Petroleum (UPL) closed at $46.65, rising $0.61, or 1.32 percent.