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Actionable news in MRO: MARATHON OIL CORPORATION,

Marathon Oil (MRO) Stock Gaining as Oil Rally Continues

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO - Get Report) are rising by 4.12% to $19.96 in mid-morning trading on Wednesday, as the energy sector continues to get a jolt from the rally in oil prices.

The price of the commodity is advancing following data out of the U.S. that showed a decline in crude stocks and an improved forecast for demand, the Wall Street Journal reports.

Crude oil (WTI) is higher by 1.50% to $49.26 per barrel this morning and Brent crude is up by 1.85% to $52.88 per barrel, according to the CNBC.com index.

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Marathon Oil is a Houston-based energy company operating in three segments the first explores for oil and gas, the second explores for, produces and markets crude oil and condensate. The third mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada.

On Tuesday, the American Petroleum Institute reported that U.S. crude oil supplies will likely have declined by 1.2 million barrels last week, the Journal noted.

Separately, TheStreet Ratings team rates MARATHON OIL CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say...


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