Crude oil (WTI) is rising by 3.59% to $33.46 per barrel this morning and Brent oil is gaining by 3.93% to $34.40 per barrel, according to the CNBC.com index.
The price of the commodity is higher today as Russia's energy minister said that OPEC and other producers could hold discussions about lowering production, Bloomberg reports.
However, OPEC representatives said no talks have been scheduled.
"Of course Ecuador, Venezuela, Nigeria and Algeria will be happy to take part, but it's doubtful that the Iraqis and Iranians will agree to make a cut," Sarah Emerson, managing director of ESAI Energy, told Bloomberg.
Oil has dropped about 10% this year amid global market instability and worries about the continuing oversupply.
Kinder Morgan is a Houston-based energy and energy infrastructure company.
Separately, TheStreet Ratings Team has a "sell" rating with a score of D+ on the stock.
This is driven by some concerns, 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 by the team.
The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, generally high debt management risk, disappointing return on equity 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: KMI