Shares of Petrobras (NYSE:PBR), Linn Energy, LLC (NASDAQ:LINE), Gastar Exploration Ltd (AMEX:GST), Vaalco Energy (NYSE:EGY) and Apache Corp (NYSE:APA) 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) to help pay for cleanup costs.
Apache Corp (APA) was trading at $123.21, gaining $0.36, or 2:17 percent, as of 2:10 PM EDT. Vaalco Energy (EGY) was at $6.92, down $0.01, or 0.15 percent. Gastar Exploration Ltd (GST) was trading at $3.55, up $0.09, or 2.60 percent. Linn Energy, LLC (LINE) was at $38.53, gaining $0.18, or 0.47 percent. Petrobras (PBR) was trading at $34.03, jumping $0.34, or 2:21 percent.
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