Oil prices rose on hopes that OPEC and Russia would create an agreement to lower oil production, CNBC reports. However, analysts told CNBC that a deal is unlikely to happen.
"There's nothing new. It's another part of a stream of news that comes out of Russia and there's no indication that the Saudis have any desire to do anything," Edward Morse, global head of commodities research at Citigroup, told CNBC.
Crude oil (WTI) is up by 3.44% to $33.41 per barrel and Brent oil is up by 2.99% to $34.09 per barrel, according to the CNBC.com index.
Based in Houston, Marathon is an energy exploration and production company.
Separately, 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.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D+. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: MRO