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    market news

    YPF SA Stocks Gained After it Discovered 1 Billion Barrels of Shale Oil

    Investing News Network
    Mar. 29, 2012 12:52PM PST
    Oil and Gas Investing

    Bloomberg reported YPF SA (NYSE:YPF) stocks gained after it discovered almost 1 billion barrels of shale oil resources in the western province of Mendoza.

    Bloomberg reported YPF SA (NYSE:YPF) stocks gained after it discovered almost 1 billion barrels of shale oil resources in the western province of Mendoza.

    As quoted in the market news:

    YPF’s American depositary receipts rose as much as 8.8 percent intraday, the biggest gain among 457 stocks in major Latin American indexes, according to data compiled by Bloomberg. It gained 6.1 percent to $28.81 as of 2:13 p.m. in New York.

    Click here to read the full Bloomberg report.

    market newsnyse:ypf
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