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Marathon Oil (MRO) Stock Up as Oil Prices Advance

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) were rising in late-afternoon trading on Wednesday as higher oil prices benefit the Houston-based oil and natural gas producer.

Crude oil (WTI) was up 0.58% to $46.85 per barrel while Brent crude was climbing 1.16% to $49.80 per barrel today.

Prices of the commodity were gaining after the Energy Information Administration noted that crude stockpiles declined by 2.5 million barrels for the week ended Friday. Analysts were anticipating a 500,000-barrel gain, according to the Wall Street Journal.

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