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Marathon Oil (MRO) Stock Advancing as Crude Oil Climbs

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) were up in early-afternoon trading on Wednesday for the second time in the past two weeks after oil prices reversed their earlier slump from oil glut concerns.

Crude oil (WTI) was up 3.32% to $40.82 per barrel and Brent crude was climbing 2.82% to $42.98 per barrel.

Last week and earlier this week, oil prices dropped on oversupply concerns after U.S. crude inventories rose by 1.4 million barrels, vs. analysts' expectations for a decline of 1.4 million barrels...


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