Crude oil (WTI) is advancing by 2.98% to $35.60 per barrel this morning and Brent crude is jumping by 3.37% to $38.32 per barrel, according to the CNBC.com index.
The price of the commodity is rising today after the release of better-than-expected U.S. jobs data, Reuters reports.
Non-farm payrolls rose by 242,000 jobs in February. The unemployment rate remained at an eight-year low of 4.9%, even as more Americans entered the labor market.
Economists surveyed by the Wall Street Journal projected that payrolls would climb by 200,000 and the jobless rate would stay at 4.9%.
"We've had another good week, the market has been toying with resistance around the $37.50 area in Brent. We had a break above but it failed to hold - to me it indicates we could be in a Friday afternoon profit mode," Ole Hansen, Saxo Bank's head of commodities research, told Reuters.
CONSOL Energy is a Canonsburg, PA-based energy company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by a number of negative factors, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself, generally high debt management risk, poor profit margins and feeble growth in its earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CNX