Crude oil continues to bubble up, and the major integrated oil companies are the benefactors.
Crude oil futures for July delivery were up 62 cents to $65.70 in Friday afternoon trading on the New York Mercantile Exchange. Crude prices have been whipsawing for more than a year, hitting a record $147 a barrel last July and then falling to $32.40 on Dec. 19. The Amex Oil Index was up 1.5% to 983.90. Sunoco(SUN Quote) was up 4.1% to $30.42. BP(BP Quote) was up 1.1% to $49.35. Royal Dutch Shell(RDS.B Quote) was 0.9% to $54.31. Exxon Mobil(XOM Quote) was up 0.4% to $69.51. Chevron(CVX Quote) was higher 0.7% to $66.25. ConocoPhillips(COP Quote) was up 0.7% to $45.94.- Loading Comments...
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