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Resolute Energy (REN) Stock Up on Higher Oil Prices

NEW YORK (TheStreet) -- Shares of Resolute Energy (REN) were increasing in early-afternoon trading on Friday as oil prices gained.

Crude oil (WTI) was rising 1.84% to $44.29 per barrel and Brent crude was advancing 1.48% to $46.72 per barrel this afternoon.

Oil prices received a lift from a declining U.S. dollar today. Commodities priced in dollars, such as oil, are less expensive to foreign investors when the greenback is weaker.

The dollar retreated...