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Williams Cos. (WMB) Stock Gains as Oil Prices Advance

NEW YORK (TheStreet) -- Shares of Williams Cos. (WMB) were up late Thursday morning as oil prices increased on upbeat guidance from the International Energy Agency.

Crude oil (WTI) was climbing 3.14% to $43.02 per barrel and Brent crude was rising 3.11% to $45.42 per barrel.

The IEA said today that crude markets would rebalance in the next few months following several years of overproduction, CNBC reports.

The Paris-based agency predicts that oil stocks will decline in the third quarter, the first time stocks have fallen in more than two years.

"Oil's drop...