IAMGOLD (IAG), Kinder Morgan (KMI), Zions Bancorporation (ZION), Companhia Energetica de MinasGerais (CIG), Harley-Davidson, Inc. (HOG), Dole Food (DOLE) and Domino's Pizza, Inc. (DPZ) had ratings and price targets on them adjusted by analysts.
Macquarie upgraded IAMGOLD (IAG) from a "Neutral" rating to a "Outperform" rating.
Bank of America downgraded Kinder Morgan (KMI) to an "Underperform" rating.
Sanford C. Bernstein downgraded Zions Bancorporation (ZION) from a "Outperform" rating to a "Market Perform" rating.
UBS AG upgraded Companhia Energetica de MinasGerais (CIG) from a "Sell" rating to a "Neutral" rating.
BMO Capital Markets upgraded Harley-Davidson, Inc. (HOG) from a "Market Perform" rating to an "Outperform" rating.
JPMorgan Chase & Co. downgraded Dole Food (DOLE) from an "Overweight" rating to a "Neutral" rating.
Bank of America downgraded Domino's Pizza, Inc. (DPZ) to an "Underperform" rating.
Tuesday, March 20, 2012
IAMGOLD (IAG) (KMI) (ZION) (CIG) (HOG) (DOLE) (DPZ) Ratings, Price Targets
Tuesday, January 10, 2012
Devon (DVN) (KMR) (NGLS) (NU) (NEM) (WPZ) Ratings, Price Targets
Devon Energy Co. (NYSE: DVN), Kinder Morgan Management LLC (NYSE: KMR), Targa Resources Partners LP (NASDAQ: NGLS), Northeast Utilities System (NYSE: NU), Newmont Mining Co. (NYSE: NEM) and Williams Partners L.P. (NYSE: WPZ) ratings and price targets.
Kinder Morgan Management LLC (KMR) was downgraded by Tudor Pickering from an “Accumulate” rating to a “Hold” rating.
Targa Resources Partners LP (NGLS) was downgraded by Tudor Pickering from an “Accumulate” rating to a “Hold” rating.
Northeast Utilities System (NU) was downgraded by Macquarie from a “Neutral” rating to an “Underperform” rating.
Newmont Mining Co. (NEM) was upgraded by CIBC to a “Sector Perform” rating.
Devon Energy Co. (DVN) was upgraded by ISI Group from a “Sell” rating to a “Hold” rating.
Williams Partners L.P. (WPZ) was downgraded by Tudor Pickering from an “Accumulate” rating to a “Hold” rating.
Thoratec (THOR) (IPCM) (KMI) (BRFS) (CDE) (CELL) Downgraded
Thoratec (NASDAQ: THOR), IPC The Hospitalist (NASDAQ: IPCM), Kinder Morgan (NYSE: KMI), BRF Brasil Foods (NASDAQ: BRFS), Coeur d Alene Mines Corp. (NYSE: CDE) and Brightpoint Inc. (NASDAQ: CELL) were downgraded by analysts.
Thoratec (THOR) was downgraded by Wells Fargo & Co. (NYSE:WFC) from an “Outperform” rating to a “Market Perform” rating.
IPC The Hospitalist (IPCM) was downgraded by Dougherty & Co from a “Buy” rating to a “Neutral” rating.
Kinder Morgan (KMI) was downgraded by Tudor Pickering from a “Buy” rating to an “Accumulate” rating.
BRF Brasil Foods (BRFS) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Coeur d Alene Mines Corp. (CDE) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
Brightpoint Inc. (CELL) was downgraded by Avian from a “Positive” rating to a “Neutral” rating.
Monday, January 9, 2012
Boeing (BA) (ARMH) (AAPL) (IPCM) (KMI) (CMCSA) Ratings, Price Targets
Boeing Company (NYSE: BA), ARM Holdings plc (NASDAQ: ARMH), Apple, Inc. (NASDAQ: AAPL), IPC The Hospitalist (NASDAQ: IPCM), Kinder Morgan (NYSE: KMI) and Comcast Co. (NASDAQ: CMCSA) ratings and price targets.
UBS AG (NYSE:UBS) reiterated its "Neutral" rating on The Boeing Company (BA).
Sanford C. Bernstein initiated coverage on ARM Holdings plc (ARMH). They placed an “Underperform” rating on the company.
Apple, Inc. (AAPL) had its price target raised by Goldman Sachs (NYSE:GS) from $520.00 to $550.00.
IPC The Hospitalist (IPCM) was downgraded by Dougherty & Co from a “Buy” rating to a “Neutral” rating.
Kinder Morgan (KMI) was downgraded by Tudor Pickering from a “Buy” rating to an “Accumulate” rating.
Comcast Co. (CMCSA) was upgraded by Macquarie from a “Neutral” rating to an “Outperform” rating.
Friday, July 22, 2011
Intel (INTC) (FFIV) (ASTE) (KMI) (ANH) Ratings Reiterated
Intel (NASDAQ: INTC), F5 Networks (NASDAQ: FFIV), Astec Industries, Inc. (NASDAQ: ASTE), Kinder Morgan (NYSE: KMI) and Anworth Mortgage Asset Co. (NYSE: ANH) had their ratings reiterated by analysts.
Wunderlich reiterated a "Hold" rating on F5 Networks (FFIV). They have a price target of $120.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated an "Overweight" rating on Astec Industries, Inc. (ASTE). They have a price target of $46.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated an "Overweight" rating on Intel (INTC).
Morgan Keegan reiterated an "Outperform" rating on Kinder Morgan (KMI).
Wunderlich reiterated a "Hold" rating on Anworth Mortgage Asset Co. (ANH). They have a price target of $7.50 on the company.
Monday, July 11, 2011
Visa (V) (KMP) (LL) (MUSA) (WMS) Have Price Targets Adjusted by Analysts
Visa (NYSE: V), Kinder Morgan Energy Partners LP (NYSE: KMP), Lumber Liquidators (NYSE: LL), Metals USA Holdings Corp (NASDAQ: MUSA) and WMS Industries Inc. (NYSE: WMS) have price targets changed by analysts.
Morgan Keegan raised their price target on Kinder Morgan Energy Partners LP (KMP) to $79.00.
Piper Jaffray (NYSE:PJC) cut their price target on Lumber Liquidators (LL) to $20.00.
Jefferies (NYSE:JEF) cut their price target on Metals USA Holdings Corp (MUSA) to $20.00.
Argus raised their price target on Visa Inc. (V) from $95.00 to $100.00. They have a “buy” rating on the company.
Jefferies cut their price target on WMS Industries Inc. (WMS) to $32.00. They have a “hold” rating on the company.
Friday, May 20, 2011
Whiting (WLL) (CLR) (KMP) (GST) (APA) Trade Mixed as Energy Falls
Shares of Whiting Petroleum (NYSE:WLL), Continental Resources (NYSE:CLR), Kinder Morgan Energy Partners (NYSE:KMP), Gastar Exploration Ltd (AMEX:GST) and Apache Corp (NYSE:APA) 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.
Kinder Morgan Energy Partners (KMP) closed Thursday at $73.21, gaining $0.89, or 1.23 percent.
Thursday, May 19, 2011
Linn Energy (LINE) (WTI) (BPL) (KMP) (EPD) Trade Up on Weak U.S. Dollar
Shares of oil companies Linn Energy, LLC (NASDAQ:LINE), W&T Offshore (NYSE:WTI), Buckeye Partners L.P. (NYSE:BPL), Kinder Morgan Energy Partners (NYSE:KMP) and Enterprise Products Partners (NYSE:EPD) traded higher Wednesday after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.
Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.
Retail gasoline prices continued to fall, dropping almost 2 cents on Wednesday for a national average of $3.926 a gallon. Gasoline demand continues to fall in wake of high prices at the pump.
Heating oil for June increased 6.08 cents to settle at $2.9059 a gallon and gasoline futures jumped 3.62 cents to settle at $2.9555 a gallon. Natural gas gained 2 cents at $4.266 per 1,000 cubic feet.
Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.
The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in oil prices going up, as well as other commodity prices as well.
The euro traded at $1.4233, strengthening after falling to $1.4193 and up slightly from its $1.4219 close on Tuesday.
Traders bought commodities, including oil, on the weaker greenback.
Linn Energy, LLC (LINE) closed Wednesday at $38.02, gaining $0.69, or 1.85 percent.
Monday, May 16, 2011
Schlumberger (SLB) (PQ) (KMP) (OIS) (PETD) Trade Mixed as Oil Prices Rebounded
Shares of Schlumberger (NYSE:SLB), PetroQuest Energy (NYSE:PQ), Kinder Morgan Energy Partners (NYSE:KMP), Oil States Intl., Inc. (NYSE:OIS) and PDC Energy (NASDAQ:PETD) 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.
Schlumberger (SLB) closed Friday at $82.71, falling $0.81, or 0.97 percent.
Tuesday, May 10, 2011
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.
Monday, May 9, 2011
Big Movers (MICC) (KMP) (CLH) (AVGO) (IBN) on May 6
Among the big, positive movers on Friday, May 6, were Millicom International (MICC), Kinder Morgan Energy (KMP), Clean Harbors (CLH), Avago Technologies (AVGO) and Icici Bank Limited (IBN).
Millicom International (MICC) jumped $1.70, to close at $105.70, a gain of 1.63 percent.
Kinder Morgan Energy (KMP) was up $1.68 on the day to close at $74.62, a gain of 2.30 percent.
Clean Harbors (CLH) climbed $1.68 to close at $101.28, a gain of 1.69 percent.
Avago Technologies (AVGO) rose $1.67 to close the session at $34.91, a gain of 5.02 percent.
Icici Bank Limited (IBN) was up $1.66 to end the day at $48.07, a gain of 3.58 percent.
Biggest Winners (CMI) (VECO) (VMW) (KMR) (PWE) on May 6
Among the winners on Friday, May 6, as measured by share price increases, were Cummins Inc. (CMI), Veeco Instruments (VECO), Vmware (VMW), Kinder Morgan (KMR) and Penn West Petroleum (PWE).
Cummins Inc. (CMI) was up $1.35, to close at $117.24, a gain of 1.16 percent.
Veeco Instruments (VECO) jumped $1.34 on the day to close at $51.00, an increase of 2.70 percent.
Vmware (VMW) rose $1.46 to close at $92.98, a boost of 1.46 percent.
Kinder Morgan (KMR) soared $1.34 to close the session at $64.99, a gain of 2.11 percent.
Penn West Petroleum (PWE) surged $1.33 to end the day at $24.91, climbing 5.64 percent.
Shares of (DVN) (CPE) (LINE) (KMP) (APC) 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 Devon Energy (NYSE:DVN), Callon Petroleum (NYSE:CPE), Linn Energy, LLC (NASDAQ:LINE), Kinder Morgan Energy Partners (NYSE:KMP) and Anadarko (NYSE:APC), and others, down with it, although those listed here all closed in positive territory Friday.
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.
Kinder Morgan Energy Partners (KMP) closed Friday at $74.62, gaining $1.68, or 2.30 percent.
Friday, May 6, 2011
Anadarko (APC) (KOG) (PETD) (KMP) (BHI) Pressured as Oil Tumbles
Shares of oil and oil-related companies Kodiak Oil & Gas (Amex:KOG), PDC Energy (NASDAQ:PETD), Kinder Morgan Energy Partners (NYSE:KMP), Baker Hughes Incorporated (NYSE:BHI) and Anadarko (NYSE:APC) 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.
Anadarko (APC) closed Thursday at $74.30, dropping $1.78, or 2.34 percent.
Thursday, May 5, 2011
Exxon Mobil (XOM) (UPL) (SWN) (KMP) (WLL) Trade Down on Slowing Oil Demand
Oil companies and other industry-related companies Exxon Mobil (NYSE:XOM), Ultra Petroleum (NYSE:UPL), Southwestern Energy (NYSE:SWN), Kinder Morgan Energy Partners (NYSE:KMP) and Whiting Petroleum (NYSE:WLL) all closed down Wednesday as oil prices took a breather.
Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.
In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.
The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.
Whiting Petroleum (WLL) closed Wednesday at $64.05, falling $2.00, or 3.03 percent.
Wednesday, May 4, 2011
Kinder Morgan (KMP) (PXP) (WLL) (TAT) Drop as Oil Prices Fall
Decreasing demand for fuel has pushed down oil inventories and the price of oil, putting pressure on Kinder Morgan Energy Partners (NYSE:KMP), Plains Exploration & Production (NYSE:PXP), Whiting Petroleum (NYSE:WLL), TransAtlantic Petroleum (NYSE:TAT).
Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.
Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.
Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.
Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.
After selling out of silver commodity traders followed up with divesting of positions in oil as well.
Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.
Kinder Morgan Energy Partners (KMP) closed Tuesday at $74.60, falling $1.24, or 1.64 percent.
Tuesday, May 3, 2011
Venoco (VQ) (SWN) (BPL) (KMP) Trade Mixed on Volatile Energy Day
Shares of Venoco Inc. (NYSE:VQ), Southwestern Energy (NYSE:SWN), Buckeye Partners L.P. (NYSE:BPL) and Kinder Morgan Energy Partners (NYSE:KMP) 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.
Kinder Morgan Energy Partners closed Monday at $75.84, losing $1.48, or 1.91 percent.
Monday, May 2, 2011
Marathon (MRO) (SHI) (KMP) (VQ) (ECA) Trade Mixed on Gas, Oil Price Jumps
Marathon Oil (NYSE:MRO), SINOPEC Shangai Petrochemical (NYSE:SHI), Kinder Morgan Energy Partners (NYSE:KMP), Venoco Inc. (NYSE:VQ) and Encana Corp. (NYSE:ECA) close mixed Friday as oil and gasoline prices jump again.
Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.
On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.
AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.
May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.
Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.
Marathon closed Friday at $52.72, gaining $0.52, or 1.00 percent.
Thursday, April 28, 2011
Chesapeake (CHK) (SM) (ETP) (KMI) Trade Mixed as Natural Gas Jumps
SM Energy (NYSE:SM), Energy Transfer Partners (NYSE:ETP), Kinder Morgan (NYSE:KMI) and Chesapeake Energy (NYSE:CHK) were trading mixed as June futures contracts for natural gas jumped today after a report from the U.S. Energy Information Administration revealed inventories rose slower than expected.
June natural gas contracts climbed 3.2 percent to $4.548 per million British thermal units after hitting a one-month high at $4.559.
The U.S. Energy Information Administration reported Thursday that natural gas storage levels climbed 31 billion cubic feet (Bcf) to 1,685 Bcf as of Friday, April 22. On average, analysts were looking for an injection of 35 bcf.
Stocks were 215 Bcf below the same time last year and 11 Bcf less than the five-year average of 1,696 Bcf.
United States Natural Gas Fund (NYSE:UNG) is trading up on the news, rising to $11.76, gaining $0.38, or 3.34 percent, as of 12:04 PM EDT.
Wednesday, April 27, 2011
Hess (HES) (KMP) (WLL) (KOG) Close Up as Oil Settles at $112.21
Kinder Morgan Energy Partners (NYSE:KMP), Whiting Petroleum (NYSE:WLL), Kodiak Oil & Gas (NYSE Amex:KOG) and Hess Corporation (NYSE:HES) closed up Tuesday as oil for June delivery fell below the $112.21 it settled at, as the American Petroleum Institute reported at 4:30 PM EDT that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. Apache was the only company of the four trading in the black Tuesday.
Oil for June delivery settled at $112.21 a barrel on the New York Mercantile Exchange. Oil has risen 33 percent in the past year.
Prices dropped from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles soared 4.91 million barrels to 361 million. June oil was down 49 cents, or 0.4 percent, to $111.79 a barrel in electronic trading at 4:32 PM EDT.
Brent crude for June settlement on the London-based ICE Futures Europe exchange jumped 48 cents, or 0.4 percent, to $124.14 a barrel.
The dollar fell for a sixth day against the euro, equaling the longest losing streak since May 2009. Expectations are the Federal Reserve will continue to keep measures in to allegedly support the U.S. economy.
Gasoline rose more than 53 cents a gallon from January to March as unrest in Libya threatened its oil fields and helped push oil from $91 to $107 a barrel. The national average for gasoline is closing in on $3.90 a gallon. Diesel is at about $4.14.
Oil averaged $94.64 a barrel between January and March, compared with $78.89 in the same period last year.
Natural gas prices remain low compared with three years ago. It's currently trading at $4.38 per 1,000 cubic feet. In April 2008, natural gas contracts garnered over twice that.