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Halliburton (HAL) Stock Jumped as Crude Prices Rose

NEW YORK (TheStreet) -- Shares of Halliburton (HAL - Get Report) closed trading up 1.38% to $40.41 on Thursday as rising crude prices lifted the oil sector today.

The increase in prices is partially a result of the ongoing conflict in Syria, as the Russian military continues its bombing campaign in the country.

Russia's navy started bombing Syria for the first time on Wednesday, a week after it began military operations in the oil producing country.

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The expanded military campaign could negatively affect the supply of oil coming from Syria which is helping drive prices up.

Crude prices have more than halved over the past 12 months as a stubborn supply glut has weighed heavily on the commodity.

Industry standard Brent crude for November delivery is up 3.47% to $53.11 per barrel while West Texas crude is up 3.49% to $49.48...


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