Ethanol Makers Climb on Higher Oil Prices
According to data released today by the Department of Energy, supplies of crude, gasoline and heating oil are dwindling. In response, light sweet crude for January delivery rose $1.47 to settle at $62.46 a barrel on the New York Mercantile Exchange, which in turn boosted shares of corn and ethanol producers.
Shares of Andersons Inc. added $2.01, or 5.1 percent, to close at $41.40 on the Nasdaq, while Pacific Ethanol Inc. added 95 cents, or 5.4 percent, to finish at $18.70.
MGP Ingredients Inc. gained 42 cents, or 2 percent, to close at $22.15 on the Nasdaq, while Aventine Renewable Energy Holdings Inc. added $1.48, or 6.1 percent, to end at $25.58 on the Big Board. Archer-Daniels-Midland Co. rose $1.77, or 5.4 percent, to finish at $34.47, while Verasun Energy Corp. climbed $1.22, or 5 percent, to close at $25.88, also on the NYSE.
Shares of Andersons Inc. added $2.01, or 5.1 percent, to close at $41.40 on the Nasdaq, while Pacific Ethanol Inc. added 95 cents, or 5.4 percent, to finish at $18.70.
MGP Ingredients Inc. gained 42 cents, or 2 percent, to close at $22.15 on the Nasdaq, while Aventine Renewable Energy Holdings Inc. added $1.48, or 6.1 percent, to end at $25.58 on the Big Board. Archer-Daniels-Midland Co. rose $1.77, or 5.4 percent, to finish at $34.47, while Verasun Energy Corp. climbed $1.22, or 5 percent, to close at $25.88, also on the NYSE.
Labels: ADM, ANDE, AVR, ethanol, MGPI, Pacific Ethanol, PEIX, VSE
posted by Stock Administrator @ 9:07 PM
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