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Marathon Oil (MRO) Stock Gains as Oil Prices Advance

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) were jumping 5.31% to $16.47 in midday trading on Tuesday as oil prices rallied.

Crude oil (WTI) was up 1.35% to $48.05 per barrel and Brent crude was increasing 1.59% to $49.94 per barrel this afternoon.

Oil prices were rising following speculation that Iran has become more willing to support OPEC action to boost oil prices, Reuters reports.

Iran is OPEC's third largest producer and has been increasing output since Western sanctions were...


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