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Actionable news in OAS: OASIS PETROLEUM Inc,

Oasis Petroleum (OAS) Stock Jumps, Oil Spikes on Weaker Dollar

NEW YORK (TheStreet) -- Oasis Petroleum (OAS - Get Report) shares are popping 3.29% to $9.85 on Tuesday afternoon, boosted by rallying oil.

A weaker dollar benefits commodities denominated in the greenback. This comes as investors are expecting the Federal Reserve to keep U.S. interest rates where they are during its policy statement on Wednesday at 2 p.m. Eastern, Reuters reports.

Traders are also anticipating the Energy Information Administration (EIA) to announce on Wednesday that crude stockpiles dropped by 2.3 million barrels last week.

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