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Halliburton (HAL) Stock Closed Up with Oil Prices, Earnings Out Monday

NEW YORK (TheStreet) -- Halliburton (HAL - Get Report) stock closed higher by 1.19% to $40.81 in Friday's trading session, as oil prices gained today and ahead of the company's first quarter earnings release on Monday.

Shares of the oil and natural gas company were helped as oil prices climbed on strong U.S. gasoline consumption, indications that worldwide production is slowing and oilfield outages.

The U.S. oil rig count dropped by 8 to 382 this week, in its fifth straight week of declines, according to Baker Hughes (BHI) data.

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