Williams Partners (WPZ) Stock Gains on Higher Oil Prices

NEW YORK (TheStreet) -- Shares of Williams Partners (WPZ) were gaining 1.4% to $49.80 on heavy trading volume Tuesday as oil prices were rising.

WTI crude oil for August delivery was up 0.8% to $60.87 a barrel early Tuesday afternoon, and Brent crude oil for August delivery was up 1.3% to $64.13 a barrel.

Crude oil prices were up Tuesday ahead of the U.S. Energy Information Administration's crude oil inventories data, according to Reuters. Analysts expect the data to show strong demand for gasoline, according to the news service.

Concerns that trouble with the impending Iranian nuclear deal that could delay the lifting of sanctions on the country's oil exports.

William Partners owns, operates, and acquires natural gas, natural gas liquids (NGLs) and oil gathering systems, and other midstream energy assets.

Read: Williams Partners (WPZ) Stock Sinking as Williams Cos. Considers Takeover Offer

WPZ ChartWPZ data by YCharts

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