Crude oil (WTI) is increasing by 0.16% to $31.92 per barrel this afternoon and Brent crude is up by 2.77% to $34.19 per barrel, according to the CNBC.com index.
The price of the commodity reversed earlier losses as strong demand for U.S. gasoline offset worries over the global oil glut, Reuters reports.
Crude stockpiles increased by 3.5 million barrels last week to a high above 507 million barrels, according to data from the Energy Information Administration (EIA).
"It's a mixed bag for both bulls and bears as crude stocks continue to rise while gasoline and distillate stocks dropped," Chris Jarvis, analyst at Caprock Risk Management, told Reuters.
CONSOL Energy is a Canonsburg, PA-based integrated energy company that operates through two divisions: oil and gas exploration and production and coal mining.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by multiple weaknesses, 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 we cover. 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