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Actionable news in CNX: CONSOL ENERGY Inc,

CONSOL Energy (CNX) Stock Gaining as Oil Prices Rise

NEW YORK (TheStreet) -- Shares of CONSOL Energy (CNX - Get Report) are increasing by 7.04% to $11.86 late Friday afternoon as oil prices trade in the green.

Crude oil (WTI) is leaping by 6.25% to $39.59 per barrel and Brent crude is up by 5.86% to $41.74 per barrel this afternoon.

Oil prices are rising on hopes that major oil exporters will freeze production at a meeting later this month in Doha, Qatar, Reuters reports.

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Additionally, the number of U.S. oil rigs dropped by eight to a total of 354 last week, according to data from Baker Hughes (BHI).

During this time last...