Actionable news
0
All posts from Actionable news
Actionable news in MRO: MARATHON OIL CORPORATION,

Marathon Oil (MRO) Stock Climbs on Rallying Oil Prices

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) are advancing 4.98% to $12.86 in mid-afternoon trading on Monday as oil prices reached a six-month high.

Crude oil (WTI) is spiking 3.16% to $47.67 per barrel and Brent crude is up 2.55% to $49.05 per barrel this afternoon.

Oil prices are rallying on concerns about supply outages in Nigeria and Venezuela as Goldman Sachs (GS), which has been bearish on oil prices, seemed more positive on the market, Reuters reports.

"The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected," the...


More