Why name this oil companies: Anadarko Petroleum (NYSE:APC), Transocean (NYSE:RIG), Halliburton (NYSE:HAL), Cameron International (NYSE:CAM) and BP (NYSE:BP), as significant in soaring in share price? All of them are connected in one degree or another to the Gulf oil spill, and have been in general, beaten down because of the uncertainty as to their ultimate liability in the accident.
Even with the broad upward movement of the market Wednesday, this group of oil companies outperformed for the day.
Anadarko was the top performer of them all of those listed here, closing the trading session at $41.59, a gain of $2.95, or 7.63 percent.
Next was Transocean, which increased to $51.14 at close, gaining $2.99, or 6.21 percent.
Halliburton was in the middle of the pack, ending the day at $27.99, an increase of $1.53, or 5.78 percent.
Cameron International was just behind them, closing at $34.06, a gain of $1.85, or 5.74 percent.
BP continued their rally as well, gaining $1.28, to end the day at $33.19. That was a 4.01 percent move up, bringing their market cap back above $100 billion, to $103.91 billion.
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