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Closing Glance: Construction, engineering rise



By AP
16 June 2008 @ 04:18 pm ET

NEW YORK - Shares of construction and engineering companies ended mostly higher on Monday as the broader market wobbled on volatile oil prices.

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Quotes
MDR 25.5 -0.4
SGR 31.45 0.72
URS 43.23 -0.66
FLR 45.49 0.54

Light, sweet crude rose to a record of $139.89 a barrel, then reversed course to decline 88 cents to $133.98 as Saudi Arabia said it would increase oil production.

Here's how some construction and engineering companies fared:

McDermott International Inc., up 64 cents to $63.24.

Shaw Group Inc., up $1.40, or 2.2 percent, to $64.27.

URS Corp., up 15 cents to $46.45.

Fluor Corp., up $1.99 to $188.17.

Copyright 2009 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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