ResMed (RMD) (RTI) (SNDA) (B) (CAM) (CCO) Upgraded

ResMed Inc. (NYSE: RMD), RTI International Metals, Inc. (NYSE: RTI), Shanda Interactive Entertainment (NASDAQ: SNDA), Barnes Group Inc. (NYSE: B), Cameron International (NYSE: CAM) and Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) were upgraded by analysts.

ResMed Inc. (RMD) was upgraded by Feltl & Co from a “Buy” rating to a “Strong Buy” rating. They have a price target of $35.00 on the company.

RTI International Metals, Inc. (RTI) was upgraded by Sidoti from a “Neutral” rating to a “Buy” rating.

Shanda Interactive Entertainment (SNDA) was upgraded by Zacks Investment Research from an “Underperform” rating to a “Neutral” rating.

Barnes Group Inc. (B) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.

Cameron International (CAM) was upgraded by Tudor Pickering to a “Buy” rating.

Clear Channel Outdoor Holdings, Inc. (CCO) was upgraded by Miller Tabak from a “Neutral” rating to a “Buy” rating.

Cameron (CAM) (PCS) (PKI) (PNR) (BRCM) (BPAX) Ratings, Price Targets

Cameron International (CAM), MetroPCS (PCS), PerkinElmer, Inc. (PKI), Pentair, Inc. (PNR), Broadcom Corp. (BRCM) and BioSante Pharmaceuticals, Inc. (BPAX) ratings and price targets.

Mizuho upgraded MetroPCS (PCS) from a “Neutral” rating to a “Buy” rating. They have a price target of $10.50 on the company, up from $8.50.

Goldman Sachs (NYE:GS) upgraded PerkinElmer, Inc. (PKI) from a “Neutral” rating to a “Buy” rating.

Wedbush raised its price target on Pentair, Inc. (PNR) to $47.00.

Wells Fargo & Co. (NYSE:WFC) upgraded Broadcom Corp. (BRCM) from a
“Market Perform” rating to an “Outperform” rating.

JMP Securities downgraded BioSante Pharmaceuticals, Inc. (BPAX) from an “Outperform” rating to a “Market Perform” rating.

Bank of America (NYSE:BAC) lowered its price target on Cameron International (CAM) to $71.00.

Cameron (CAM) (SPN) (SPR) (TER) (CECE) (CLB) Get New Coverage

Cameron (NYSE: CAM), Superior Energy Services (NYSE: SPN), Spirit AeroSystems Holdings, Inc. (NYSE: SPR), Teradyne, Inc. (NYSE: TER), Ceco Environmental Corp. (NASDAQ: CECE) and Core Labs (NYSE: CLB) getting new coverage from analysts.

Jefferies (NYSE:JEF) initiated coverage on Cameron (CAM). They placed a “Buy” rating on the company.

Jefferies initiated coverage on Superior Energy Services (SPN). They placed a “Buy” rating on the company.

Sterne Agee initiated coverage on Spirit AeroSystems Holdings, Inc. (SPR). They placed a “Buy” rating and a price target of $28.00 on the company.

Deutsche Bank (NYSE:DB) initiated coverage on Teradyne, Inc. (TER). They placed a “Buy” rating and a price target of $17.00 on the company.

Needham & Company initiated coverage on Ceco Environmental Corp. (CECE). They placed a “Buy” rating and a price target of $7.00 on the company.

Jefferies initiated coverage on Core Labs (CLB). They placed a “Hold” rating on the company.

Ternium (TX) (TSRA) (TTI) (CAM) (CCRN) (CECE) Ratings, Price Targets

Ternium S.A. (TX), Tessera Technologies (TSRA), Tetra Technologies Incorporated (TTI), Cameron (CAM), Cross Country Healthcare Inc. (CCRN) and Ceco Environmental Corp. (CECE) ratings and price targets.

Bank of America (NYSE:BAC) reiterated its “Neutral” rating on Tessera

Technologies (TSRA). They have a price target of $19.50 on the company.

Jefferies (NYSE:JEF) initiated coverage on Tetra Technologies

Incorporated (TTI). They placed a “Hold” rating on the company.

Bank of America downgraded Ternium S.A. (TX) to a “Neutral” rating.

Jefferies initiated coverage on Cameron (CAM). They placed a “Buy” rating on the company.

SunTrust (NYSE:STI) downgraded Cross Country Healthcare Inc. (CCRN) from a “Buy” rating to a “Neutral” rating.

Needham & Company initiated coverage on Ceco Environmental Corp. (CECE). They placed a “Buy” rating and a price target of $7.00 on the company.

Cameron (CAM) (RIG) (RIMM) (RSH) (BRCD) (CA) Price Targets Changed

Cameron (NYSE: CAM), Transocean (NYSE: RIG), Research In Motion (NASDAQ: RIMM), RadioShack (NYSE: RSH), Brocade Communications Systems, Inc. (NASDAQ: BRCD) and CA Tech (NYSE: CA) had price targets on them adjusted by analysts.

Cameron (CAM) had its price target lowered by Credit Suisse (NYSE:CS) to $71.00. They have an “Outperform” rating on the company.

Transocean (RIG) had its price target lowered by Credit Suisse to $60.00. They have a “Neutral” rating on the company.

Research In Motion (RIMM) had its price target lowered by Jefferies (NYSE:JEF) to $18.00. They have an “Underperform” rating on the company.

RadioShack (RSH) had its price target lowered by Credit Suisse to $13.00. They have a “Neutral” rating on the company.

Brocade Communications Systems, Inc. (BRCD) had its price target raised by ThinkEquity to $6.00. They have a “Buy” rating on the company.

CA Tech (CA) had its price target lowered by Credit Suisse to $22.00. They have a “Neutral” rating on the company.

Cameron (CAM) (PTEN) (PWER) (RDEN) (BRY) (CEVA) Downgraded

Cameron International (NYSE: CAM), Patterson-UTI (NASDAQ: PTEN), Power-One, Inc. (NASDAQ: PWER), Elizabeth Arden, Inc. (NASDAQ: RDEN), Berry Petroleum Comp (NYSE: BRY) and Ceva Inc (NASDAQ: CEVA) were downgraded by analysts.

Cameron International (CAM) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $56.00 on the company, down from $68.00.

Patterson-UTI (PTEN) was downgraded by Global Hunter Securities from an “Accumulate” rating to a “Neutral” rating. They have a price target of $24.00 on the company, down from $28.00.

Power-One, Inc. (PWER) was downgraded by Dougherty & Co. to a “Neutral” rating. They have a price target of $5.00 on the company.

Elizabeth Arden, Inc. (RDEN) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $37.00 on the company.

Berry Petroleum (BRY) was downgraded by Global Hunter Securities from a “Buy” rating to a “Neutral” rating. They have a price target of $45.00 on the company, down from $70.00.

Ceva Inc. (CEVA) was downgraded by Chardan Capital Markets from a “Buy” rating to a “Neutral” rating.

Cameron (CAM) (BCR) (BHI) (URBN) (BRCM) (BSX) Get New Coverage

Cameron International (NYSE: CAM), C.R. Bard, Inc. (NYSE: BCR), Baker Hughes (NYSE: BHI), Urban Outfitters, Inc. (NASDAQ: URBN), Broadcom Corp (NASDAQ: BRCM) and Boston Scientific (NYSE: BSX) getting new coverage from analysts.

Sterne Agee initiated coverage on Cameron International (CAM). They placed a “Buy” rating and a price target of $57.00 on the company.

Cowen initiated coverage on C.R. Bard, Inc. (BCR). They placed a “Neutral” rating on the company.

Sterne Agee initiated coverage on Baker Hughes (BHI). They placed a “Buy” rating and a price target of $71.00 on the company.

Macquarie initiated coverage on Urban Outfitters, Inc. (URBN). They placed an “Underperform” rating and a price target of $19.00 on the company.

Societe Generale initiated coverage on Broadcom Corp. (BRCM). They placed a “Buy” rating and a price target of $41.00 on the company.

Cowen initiated coverage on Boston Scientific (BSX). They placed a “Neutral” rating on the company.

Teleflex (TFX) (BCR) (MDAS) (BDX) (MDR) (CAM) Price Targets Changed

Teleflex Incorporated (NYSE: TFX), C.R. Bard, Inc. (NYSE: BCR), MedAssets, Inc. (NASDAQ: MDAS), Becton Dickinson And Co (NYSE: BDX), McDermott International (NYSE: MDR) and Cameron (NYSE: CAM) price targets adjusted by analysts.

Teleflex Incorporated (TFX) had its price target lowered by Morgan Keegan from $65.00 to $58.00. They have a “Market Perform” rating on the company.

C.R. Bard, Inc. (BCR) had its price target lowered by Morgan Keegan from $115.00 to $107.00. They have an “Outperform” rating on the company.

MedAssets, Inc. (MDAS) had its price target lowered by Auriga from $21.00 to $19.00. They have a “Buy” rating on the company.

Becton Dickinson And Co. (BDX) had its price target lowered by Morgan Keegan from $90.00 to $86.00. They have a “Market Perform” rating on the company.

McDermott International (MDR) had its price target lowered by Morgan Keegan from $29.00 to $24.00. They have an “Outperform” rating on the company.

Cameron (CAM) had its price target lowered by Morgan Keegan from $68.00 to $61.00. They have an “Outperform” rating on the company.

Cameron (CAM) (CMS) (DAL) (EMC) (EXC) (HERO) Upgraded

Cameron (NYSE: CAM), CMS Energy (NYSE: CMS), Delta Air Lines (NYSE: DAL), EMC Corp. (NYSE: EMC), Exelon Co. (NYSE: EXC) and Hercules Offshore, Inc. (NASDAQ: HERO) upgraded by analysts.

Cameron (CAM) was upgraded by Credit Suisse (NYSE:CS) from a “Neutral” rating to an “Outperform” rating. They have a price target of $73.00 on the company.

CMS Energy (NYSE: CMS) was upgraded by SunTrust (NYSE:STI) from a “Neutral” rating to a “Buy” rating.

Delta Air Lines (DAL) was upgraded by Dahlman Rose from a “Hold” rating to a “Buy” rating. They have a price target of $10.00 on the company.

EMC Corp. (EMC) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $32.00 on the company.

Exelon Co. (EXC) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $50.00 on the company.

Hercules Offshore, Inc. (HERO) was upgraded by Raymond James (NYSE:RJF) from an “Underperform” rating to an “Outperform” rating.

Cameron (CAM) (CHK) (D) (DD) (MUR) (NBL) Price Targets Changed

Cameron (NYSE: CAM), Chesapeake Energy (NYSE: CHK), Dominion Resources, Inc. (NYSE: D), DuPont (NYSE: DD), Murphy Oil Corp (NYSE: MUR) and Noble Energy (NYSE: NBL) price targets adjusted by analysts.

Cameron (CAM) had its price target raised by RBC Capital from $64.00 to $67.00. They have an “Outperform” rating on the company.

Chesapeake Energy (CHK) had its price target raised by UBS AG (NYSE:UBS) from $33.00 to $36.00. They have a “neutral” rating on the company.

Dominion Resources, Inc. (D) had its price target raised by Barclays Capital from $48.00 to $52.00. They have an “Overweight” rating on the company.

DuPont (DD) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $65.00.

Murphy Oil Corp. (MUR) had its price target slashed by Barclays Capital from $83.00 to $77.00. They have an “Overweight” rating on the company.

Noble Energy (NBL) had its price target raised by RBC Capital from $116.00 to $120.00. They have an “Outperform” rating on the company.

Cameron (CAM) (CLNE) (CNQ) (XCO) (MAR) Upgraded by Analysts

Analysts upgraded shares of Cameron (NYSE: CAM), Clean Energy Fuels Corp. (NASDAQ: CLNE), Canadian Natural Resources (NYSE: CNQ), EXCO Resources, Inc. (NYSE: XCO) and Marriott (NYSE: MAR).

Cameron (NYSE: CAM) was upgraded by Global Hunter Securities from a “neutral” rating to a “buy” rating. They have a price target of $63.00 on the company, up from $55.00.

Clean Energy Fuels Corp. (CLNE) was upgraded by Bank of America (NYSE:BAC) from an “underperform” rating to a “buy” rating. They have a price target of $19.00 on the company.

Canadian Natural Resources (NYSE: CNQ) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating. They have a price target of $50.00 on the company.

EXCO Resources, Inc. (NYSE: XCO) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating. They have a price target of $19.00 on the company.

Marriott (NYSE: MAR) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating. They have a price target of $44.00 on the company, up from $40.00.

Cameron International closed Wednesday at $49.57, gaining $0.23, or 0.47 percent. Clean Energy Fuels closed at $17.01, rising $1.93, or 12.80 percent. Canadian Natural Resources closed at $41.18, climbing 0.53, or 1.30 percent. EXCO Resources, Inc. ended the day at $15.66, falling $0.08, or 0.51 percent. Marriott closed at $37.14, up $0.32, or 0.87 percent.

Cameron (CAM) (TAT) (PQ) (HK) (VLO) Trading Mixed

Shares of Cameron International (NYSE:CAM), TransAtlantic Petroleum (AMEX:TAT), PetroQuest Energy (NYSE:PQ), Petrohawk Energy Corp. (NYSE:HK) and Valero Energy (NYSE:VLO) were trading mixed today as oil prices were trading down in the session.

Crude-oil futures were trading down $0.79 to $97.65 a barrel on the New York Mercantile Exchange.

U. S. crude oil prices also gained some back from earlier losses spurred by comments from the German Bundesbank, which said growth in Europe's largest economy will probably slow down.

Shares of oil companies like BP (NYSE:BP), Anadarko (NYSE:APC), Transocean and Cameron International (NYSE:CAM), all of which were connected to the Gulf oil spill, were all trading up on news of the settlement between BP and Macondo Well partner Mitsui (OTC:MITSY).

Valero Energy (VLO) was trading at $26.35, falling $0.16, or 2:24 percent, as of 2:26 PM EDT. Petrohawk Energy Corp. (HK) was at $25.08, up $0.92, or 3.83 percent. PetroQuest Energy (PQ) was trading at $7.42, up $0.11, or 1.46 percent. TransAtlantic Petroleum (TAT) was at $2.15, gaining $0.05, or 2.27 percent. Cameron International (CAM) was trading at $48.47, jumping $0.43, or 0.90 percent.

Callon (CPE) (ROSE) (LINE) (LUFK) (CAM) Trade Mixed as Energy Falls

Shares of Callon Petroleum (NYSE:CPE), Rosetta Resources (NASDAQ:ROSE), Linn Energy, LLC (NASDAQ:LINE), Lufkin Industries, Inc. (NASDAQ:LUFK) and Cameron International (NYSE:CAM) traded mixed on Thursday as oil and gas were down on the day.

Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.

Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.

June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.

Linn Energy, LLC (LINE) closed Thursday at $38.35, gaining $0.33, or 0.87 percent. Lufkin Industries, Inc. (LUFK) ended the session at $85.06, up $1.81, or 2.17 percent.

Anadarko (APC) (RIG) (HAL) (CAM) (MRO) Rising on Lower Gas Inventory

Shares of oil companies Anadarko (NYSE:APC), Transocean (NYSE:RIG), Halliburton (NYSE:HAL), Cameron International (NYSE:CAM) and Marathon Oil (NYSE:MRO) were trading up today after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.

Light, sweet crude West Texas Intermediate oil for June delivery is up $3.61 to $100.52 a barrel on the Nymex.

Brent crude July contracts rose $2.74 to $112.73 a barrel.

This could be an indicator that refinery demand may possibly be on the rebound.

MF Global wrote in a note to clients, “We think oil prices will continue to erode and we still think $90 is a reasonable short-term target on WTI, although short-term, we are getting a tad oversold and may be in for a bounce here.”

Marathon Oil (MRO) was trading at $51.30, gaining $1.27, or 2.54 percent, as of 2:26 PM EDT. Cameron International (CAM) was at $47.87, up $0.10, or 0.21 percent. Halliburton (HAL) was trading at $46.92, jumping $1.59, or 3.51 percent. Transocean (RIG) was at $67.90, rising $0.89, or 1.33 percent. Anadarko (NYSE:APC) was trading at $72.96, gaining $0.41, or 0.57 percent.

Shares of (APC) (APA) (CAM) (MRO) (RDS-A) Trade Down as Oil Continues to Fall

The share prices of Anadarko (NYSE:APC), Shell (NYSE:RDS-A), Apache Corp (NYSE:APA), Cameron International (NYSE:CAM) and Marathon Oil (NYSE:MRO) traded down Monday as the falling price of oil and gas weigh on the companies.

U.S. crude futures fell 2.3 percent and gasoline futures dropped 5 percent to hit a nine-week low as worries mounted about high prices squelching energy demand and the fragile economy weigh on the industry.

Crude futures have fallen close to 15 percent so far on the month.

Oil futures were down 2.3 percent to $97.37 a barrel in New York. June Brent fell to $112.87, down 1 percent for Monday.

Gasoline futures for June delivery declined 14 cents, or 5.01 percent, to end the session at $2.93 a gallon, the lowest close since March 16.

U.S. gasoline at the retail level fell to $3.955 Monday from $3.961 Sunday. Diesel prices dropped $4.123 from $4.127.

June natural gas closed up 7 cents, or 1.7 percent, at $4.32 per million British thermal units. Natural gas prices were up on concerns flooding in Louisiana may cut back on supply.

Heating oil futures were down Monday, with the June heating oil contract closing at $2.87 a gallon, down 7 cents, or 2.3 percent.

Cameron (CAM) (WTI) (CLR) (CWEI) (BEXP) Trade Mixed as Oil Prices Rebounded

Shares of Cameron International (NYSE:CAM), W&T Offshore (NYSE:WTI), Continental Resources (NYSE:CLR), Clayton Williams Energy (NASDAQ:CWEI) and Brigham Exploration (NASDAQ:BEXP) traded mixed even as oil prices closed Friday in positive territory.

On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.

For the week, front-month crude climbed $2.47, or 2.5 percent.

ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.

The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.

NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.

For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.

NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.

Front-month heating oil for last week was up 9.65 cents.

Cameron International (CAM) closed Friday at $49.65, gaining $0.82, or 1.68 percent.

Cameron (CAM) Trades Positive as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share price of Cameron International (NYSE:CAM).

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.

Cameron International Corporation is an international company providing flow equipment products, systems, and services to oil, gas, and process industries around the world.

Cameron (CAM) closed at $49.81, gaining $0.30, or 0.61 percent.

Exco (XCO) (KMP) (EPD) (PQ) (CAM) Trade Mixed as Oil Prices Jump

Most oil and related companies performed strong Monday as Exco Resources Inc. (NYSE:XCO), Kinder Morgan Energy Partners (NYSE:KMP), Enterprise Products Partners (NYSE:EPD), PetroQuest Energy (NYSE:PQ) and Cameron International (NYSE:CAM) traded mixed as the price of oil rebounded.

Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.

Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.

Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.

The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.

Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.

Cameron International (CAM) closed Monday at $49.51, climbing $1.44, or 3.00 percent.

Shares of (EGY) (OAS) (CXPO) (BOLT) (CAM) Trade Mixed as Oil Closed Down 15% Last Week

Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Vaalco Energy (NYSE:EGY), Oasis Petroleum (NYSE:OAS), Crimson Exploration (NASDAQ:CXPO), Bolt Technology Corp. (NASDAQ:BOLT), Cameron International (NYSE:CAM), and others, down with it.

Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.

For the week, the June oil futures contract fell 14.7 percent to $113.93.

Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.

In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.

Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.

According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.

All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.

In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.

Petrobras (PBR) closed Friday at $34.35, dropping $0.13, or 0.38 percent.

BP (BP) (LUFK) (BRY) (EGY) (CAM) Pressured as Oil Tumbles

Shares of oil and oil-related companies BP (NYSE:BP), Lufkin Industries, Inc. (NASDAQ:LUFK), Berry Petroleum (NYSE:BRY), Vaalco Energy (NYSE:EGY) and Cameron International (NYSE:CAM) were pressured Thursday as crude for June delivery dropped below the $100 a barrel mark.

Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.

Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.

Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985 a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.

Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.

The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.

Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.

BP (BP) closed Thursday at $43.48, dropping $0.90, or 2.03 percent.