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Resolute Energy (REN) Stock Gains on Higher Oil Prices

NEW YORK (TheStreet) -- Shares of Resolute Energy (REN) were climbing 6.14% to $18.49 on heavy trading volume mid-Tuesday afternoon as oil prices rose to five-week highs.

Over 6.33 million shares of Resolute Energy stock have traded so far today vs. the stock's 30-day daily average of 2.35 million shares.

Oil was on the rise this afternoon as OPEC sources began to consider reviving talks to freeze oil output levels when it meets with non-OPEC countries next month, according to Reuters.

Despite the fact that OPEC members produced at an eight-year high in...