Oil prices had hit two-month lows yesterday before taking on modest gains this morning.
Crude oil (WTI) is up 4.75% to $46.85 per barrel and Brent crude is up 4.82% to $48.48 per barrel.
Oil is gaining on a weaker dollar and upbeat guidance released by OPEC earlier today. The 14-member oil producing group said that non-OPEC entities' stockpiles would decline in 2017.
The American Petroleum Institute will issue stockpiles reports later today ahead of official inventory data due out on Wednesday from the Energy Information Administration.
Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D.
The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself, disappointing return on equity and feeble growth in its earnings per share.
You can view the full analysis from the report here: MRO
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.