NEW YORK (TheStreet) -- Shares of Seadrill Ltd. (SDRL) - Get Report are higher by 2.18% to $11.23 in late morning trading on Tuesday, as some stocks within the oil and energy sectors rise today along with the price of the commodity.

Brent crude is advancing by 2.45% to $61 per barrel and WTI crude is up by 0.65% to $49.91 per barrel this morning, according to the CNBC.com index.

Concerns regarding fighting in Libya and signals that global demand could be growing stronger are helping to drive oil prices into the green today.

Exclusive Report:Jim Cramer's Best Stocks for 2015

Rival forces in Libya have been carrying out airstrikes on oil terminals and on an airport arousing fears regarding supplies out of the OPEC member, Reuters reports, adding that oilfields and ports have been increasingly targeted by the two rival governments fighting in the country.

Looking to U.S. inventories, data for U.S. stockpiles for the week of February 27 is due out on Wednesday.

Crude supplies in Cushing, OK, the delivery point for the NYMEX contract rose by a smaller amount than was expected for the same week.

"The pace of Cushing builds may start to ease in the coming weeks," making it less likely the storage center will reach its maximum capacity, Energy Aspects said in an analyst note, the Wall Street Journal noted.

Separately, TheStreet Ratings team rates SEADRILL LTD as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate SEADRILL LTD (SDRL) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Energy Equipment & Services industry and the overall market, SEADRILL LTD's return on equity significantly exceeds that of both the industry average and the S&P 500.
• SDRL, with its decline in revenue, underperformed when compared the industry average of 14.4%. Since the same quarter one year prior, revenues fell by 14.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
• The debt-to-equity ratio of 1.35 is relatively high when compared with the industry average, suggesting a need for better debt level management. To add to this, SDRL has a quick ratio of 0.66, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
• Net operating cash flow has decreased to $287.00 million or 41.66% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
• You can view the full analysis from the report here: SDRL Ratings Report