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Whiting Petroleum (WLL) Stock Jumps as Oil Prices Rise

NEW YORK (TheStreet) -- Whiting Petroleum (WLL - Get Report) stock is advancing 4.92% to $17.27 in afternoon trading on Friday after oil prices increased, supported by a drop in the U.S. oil rig count.

WTI crude is up 0.89% to $46.47 per barrel, while Brent crude is rising 1.48% to $49.52 per barrel this afternoon, according to the CNBC.com index.

U.S. energy firms took 16 oil rigs out of production this week, making it the ninth consecutive week of declines in the total rig count, which now stands at 578, according to Baker Hughes (BHI) data, Reuters reports.

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"Looking at the bigger picture, there is still lots of oil in...


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