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Marathon Oil (MRO) Stock Slips on Declining Oil Prices

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) are down 1.35% to $14.23 in early-afternoon trade as oil prices slip.

Crude oil (WTI) is down 2.06% to $43.83 per barrel and Brent crude is falling 2.03% to $45.26 per barrel.

Oil is headed for a weekly loss today, with Brent crude hitting a two-month low.

Weighing on the commodity price is a global oil glut. Iraq's oil exports are looking to rise in July, CNBC reports. U.S. government data also revealed that crude inventories are at a historically high 5.19...


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