Brent crude for August delivery was up 2.35% to $62.75 a barrel as of 11:47 a.m. ET today, while U.S. crude for July delivery was rising by 1.85% to $59.33 a barrel.
Oil prices were falling amid concerns over Greece, Reuters reports.
Also the U.S. shale oil output forecast that production would continue to grow this year, countered signs of a pickup in demand, according to Reuters.
Oklahoma City-based SandRidge Energy is an oil and natural gas company that focuses on exploration and production activities, operating businesses and infrastructure systems.
Insight from TheStreet's Research Team
SandRidge Energy is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock:
SandRidge Energy (SD; $1.11; 1,600 shares; 0.96%; Inflection Point; $8 price target): The company explores for natural gas and oil in the U.S., primarily onshore. The stock fell 5% this week. We maintain SandRidge is better hedged and has relatively less debt than its peers.
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