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Oasis Petroleum (OAS) Stock Rising Amid Higher Oil Prices

NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS - Get Report) are gaining by 3.45% to $7.19 in mid-morning trading on Wednesday, as some energy and related stocks get a boost from the rise in the price of oil.

Crude oil (WTI) is climbing by 2.81% to $36.90 per barrel this morning and Brent crude is higher by 2.19% to $38.70 per barrel.

Despite the persistent global oversupply, crude futures are soaring today on the renewed hope that producers will come together to freeze production output when members and non-members of OPEC meet on April 17 in Qatar.

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