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dow2664 Oil and Gas Market News: Oil price per barrel dropped into the red last session and other primary oil and gas indicators finished the last session of the first trading week in 2012 green. Index trends were choppy throughout the whole of the first week of trading as developments in the Middle East continued to affect oil and gas price outcomes. Iranian threats continue to resonate. The result of Iran’s recent missile launch and threats to shut down the Strait of Hormuz have caused volatility in the oil and gas marketplace. Oil price rose higher during the course of the last trading week by approximately 2 percent. Oil Prices Gas Prices Close: Oil Light Crude February contract finished the last trading session in the red by .25 percent at 101.56 per barrel according to end of day posted floor price. Heating Oil February contract finished the last session green by 1.03 percent at 3.07 per gallon. February contract Natural Gas finished the last trading session higher by 2.75 percent at 3.06 per million BTUs. February contract Unleaded gas finished the last trading session green by .55 percent at 2.75 per gallon. Stock Quote Close: BP Stock closed out the last trading session in the green. BP finished the last session higher by .82 percent at 477.93. Div/yield for BP was 4.39/3.67. Camillo Zucari
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