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Oasis Petroleum (OAS) Stock Higher as Oil Prices Gain

NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS - Get Report) are rising by 4.45% to $10.33 in mid-morning trading on Wednesday, as some energy and related stocks trade in the green due to the rise in oil prices.

Oil prices have remained higher this morning, despite a rise in U.S. crude stockpiles for last week. A weak dollar and expectations that U.S. crude supplies were declining helped boost prices to their highest level in 2016 earlier this morning.

Crude oil (WTI) is up by 0.91% to $44.44 per barrel and Brent crude is soaring by 1.33% to $46.35 per barrel.

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