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Marathon Oil (MRO) Stock Rises on Higher Oil Prices

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) were gaining in mid-afternoon trading on Thursday as oil prices increased.

Crude oil (WTI) was up 2.34% to $46.40 per barrel while Brent crude was higher by 1.6% to $47.58 per barrel this afternoon.

Oil prices gained after the Energy Information Administration said yesterday that U.S. crude stockpiles fell by 6.2 million barrels last week to total 504.6 million barrels.

Analysts had been looking for a drop of 3.4 million barrels, Reuters reports.

Additionally, the U.S...


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