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The market saw an increase in crude oil prices over the last week. These prices were surprisingly not particularly volatile, barring a few occasional spikes. Prices rose from $84.92 to $87.10 in a relatively steady upward slope. The overall market, as measured by the S&P 500, was not as stable. While the S&P 500 was up slightly over Monday's opening level, it experienced some rollercoaster volatility. The index was relatively flat on Monday and then plunged on Tuesday, remained steady on Wednesday, then plunged again to open Thursday. Strength returned to the index on Thursday and this continued into Friday, delivering a close slightly above Monday's opening price. As usual, this market action had different effects on the share prices of the six foreign vertically-integrated oil and gas companies that I track in this series.

Statoil (STO) opened at $23.25 on July 9, 2012. The stock closed at $23.38 in after hours trading on July 13, 2012. Stockholders in the company thus profited from a gain of $0.13 per ADR share or 0.56% over the week. Statoil opened at $23.23 on June 18, 2012. This gives the stock a trailing four-week gain of $0.15 or 0.65%. Statoil's ADR shares have thus been almost perfectly flat over the trailing four-week period. Statoil's stock had been under pressure due to a worker strike on several oil platforms in the North Sea. The company had been losing approximately $25 million per day as a result of this strike. The Norwegian government put a stop to this situation earlier this week and the company has restarted production at all of the platforms that were previously affected by this strike. This could provide some upward pressure on the stock as the company will no longer be losing the $25 million per day that it suffered while the strike was still in effect.

STO 5-Day Chart

Source: Fidelity Investments

STO 4-Week Chart

Source: Fidelity Investments

BP plc (BP) opened the week at $39.47. The stock closed at $40.95 in after hours trading on July 13. This gives BP shareholders a gain of $1.48 or 3.75% over the week. BP opened at $39.58 on June 18. Thus, shareholders of BP stock experienced a gain of $1.37 or 3.46% over the trailing four-week period.

BP 5-Day Chart

Source: Fidelity Investments

BP 4-Week Chart

Source: Fidelity Investments

Total S.A. (TOT) opened on July 9, 2012 at $44.25 per share. The stock closed at $44.28 in after hours trading on July 13. This gives ADR shareholders a gain of $0.03 or 0.07% for the week. Total opened on June 18 at $43.76. Thus, stockholders have seen a gain of $0.52 or 1.19% over the past four weeks.

TOT 5-Day Chart

Source: Fidelity Investments

TOT 4-Week Chart

Source: Fidelity Investments

Suncor (SU) opened on July 9 at $28.71. The stock closed at $29.05 in after hours trading on July 13. This gives the stock a gain of $0.34 or 1.18% for the week. The stock opened on June 18, 2012 at $28.00. Thus, Suncor stock has seen a gain of $1.05 or 3.75% over the trailing four week period.

SU 5-Day Chart

Source: Fidelity Investments

SU 4-Week Chart

Source: Fidelity Investments

Royal Dutch Shell (RDS.A) opened at $67.00 on July 9, 2012. The stock closed at $68.74 in after hours trading on Friday, July 13. Shareholders thus saw a gain of $1.74 or 2.60% for the week. The stock opened at $66.70 on June 18, 2012. Shareholders thus experienced a capital gain of $2.04 per share or 3.06% over the four-week period.

RDS.A 5-Day Chart

Source: Fidelity Investments

RDS.A 4-Week Chart

Source: Fidelity Investments

Eni (E) opened at $41.72 on July 9. The stock closed at $41.39 in after hours trading on Friday, July 13. This gives shareholders a loss of $0.33 or 0.79% for the week. Eni was thus the only one of these six stocks to see a loss this week. The stock opened at $40.41 on June 18, 2012. Shareholders thus experienced a gain of $0.98 per share or 2.43% over the trailing four-week period.

E 5-Day Chart

Source: Fidelity Investments

E 4-Week Chart

Source: Fidelity Investments

With the exception of Eni, every one of these six stocks saw a share price gain over the past week. BP had the largest gain of the group with none of the others particularly close. Royal Dutch Shell was the second-best performer, but BP's gain outshines it by 115 basis points. Eni was the worst performer of the group and the only one to see a loss over the last week, albeit a small one. Suncor was the best performer of these six over the trailing four-week period with BP in a fairly close second. Statoil was the worst performer over the trailing four-week period. As I mentioned earlier in this update, Statoil's stock has been weighted down by a worker strike that affected numerous production wells in the North Sea and Norwegian Continental Shelf. The Norwegian government has ordered this strike ended and for production from these wells to be resumed and so this strike should no longer be generating any uncertainty around the stock. Statoil historically is much less volatile than its peers though so we probably will not see outsized gains from this.

Disclosure: I am long STO, SU, BP.