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Actionable news in MRO: MARATHON OIL CORPORATION,

Marathon Oil (MRO) Stock Gains With Oil After Bearish EIA Data

NEW YORK (TheStreet) -- Marathon Oil (MRO - Get Report) shares are getting a boost on Wednesday, up by 4.61% to $12.49 from jumping oil prices following the release of the weekly oil inventory data from the Energy Information Administration (EIA) earlier today.

Last week, stockpiles dropped by 3.4 million barrels to a total of 540 million barrels, the EIA said. This surprise decline immediately sent oil prices up.

Crude oil (WTI) is popping 2.82% to $45.92 per barrel and Brent crude is rallying 3.45% to $47.09 per barrel.

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