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Actionable news in KMI: KINDER MORGAN Inc,

Kinder Morgan (KMI) Stock Up on Higher Oil Prices

NEW YORK (TheStreet) -- Kinder Morgan (KMI - Get Report) stock is rising 2.85% to $18.03 in early afternoon trading Friday as shares of the Houston-based energy company benefit from a boost in oil prices.

WTI crude is gaining 5.80% to $39.42 per barrel on the New York Mercantile Exchange, while Brent crude is advancing 5.53% to $41.61 per barrel on the Intercontinental Exchange this afternoon.

Strong economic data from the U.S. and Germany increased expectations that fuel demand will rise, while investors became hopeful that the oversupply of crude oil is reaching a peak...