U.S. oil prices surged to 28-month highs as tensions continue to mount in Syria. On the New York Mercantile Exchange, light, sweet crude oil for October delivery closed at $110.53 a barrel, the highest since May 3, 2011. Comments made by Russian President Vladimir Putin pledging to continue to supply weapons and humanitarian aid to Syria raised heightened concerns of a potential supply disruption. "As long as a U.S. Syrian attack remains in an anticipatory phase, the crude benchmarks will remain highly sensitized to even modest tidbits of bullish news," said Jim Ritterbusch, president of Ritterbusch & Associates.
Gastar Exploration Limited (NYSEMKT: GST) shares traded in the range of $3.30 to $3.59 Friday before settling to close at $3.51, an increase of 7.67 percent. The stock appears to be facing some resistance at $3.67 with some support at the $3.26 and $3.08 levels. Shares of Gastar Exploration have gained approximately 190.0 percent in 2013.
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Murphy Oil Corporation (NYSE: MUR) shares traded in the range of $60.74 to $62.14 Friday before settling to close at $61.77, an increase of 1.15 percent. The stock appears to be facing some resistance at the $63.85 and $64.67 levels with some support at $61.51. Shares of Murphy Oil have gained approximately 3.7 percent in 2013.
More information on Murphy Oil and access to the free equity report can be found at:
Swift Energy Company (NYSE: SFY) shares traded in the range of $11.34 to $11.73 Friday before settling to close at $11.41, an increase of 0.80 percent. The stock appears to be facing some resistance at the $11.73 and $12.08 levels with some support at $11.32. Shares of Swift Energy have fallen approximately 25.0 percent in 2013.
More information on Swift Energy and access to the free equity report can be found at:
Talisman Energy Inc. (NYSE: TLM)(TSX: TLM) shares traded in the range of $11.20 to $11.51 Friday before settling to close at $11.23, an increase of 0.72 percent. The stock appears to be facing some resistance at the $11.29 and $11.48 levels with some support at $11.05.
More information on Talisman Energy and access to the free equity report can be found at:
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