WTI crude is increasing 1.03% to $49.84 per barrel on the New York Mercantile Exchange, while Brent crude is up 0.34% to $49.93 per barrel on the Intercontinental Exchange.
Investors are expecting U.S. fuel demand to increase after the summer driving season began on Memorial Day, Reuters reports.
Domestic crude prices are also being helped by lower inventories at the Cushing, OK delivery hub, according to Genscape data.
The international benchmark is gaining less than WTI crude because of potentially higher production in Iraq. The OPEC country could boost output by 5 million barrels next month, sources told Reuters.
Plano, TX-based Denbury Resources is an oil and natural gas company that operates mainly in the Gulf Coast and Rocky Mountain regions.
Separately, Denbury Resources has a "sell" rating and a letter grade of D- at TheStreet Ratings because of the company's generally high debt management risk, disappointing return on equity, weak operating cash flow, generally disappointing stock performance and deteriorating net income.
You can view the full analysis from the report here: DNR
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 article's author.