Most oil and related companies performed strong Monday, as BP (NYSE:BP), Rosetta Resources (NASDAQ:ROSE), Comstock Resources (NYSE:CRK), Northern Oil and Gas (Amex:NOG) and Hess Corporation (NYSE:HES) were strengthened by the increase in oil prices after a prior down week.
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.
Rosetta Resources (ROSE) closed Monday at $49.48, soaring $8.38, or 20.39 percent.
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