Crude oil (WTI) is advancing 1.32% to $44.62 per barrel and Brent crude is up 1.64% to $46.49 per barrel this afternoon.
But oil prices pared some of their earlier gains today after U.S. data showed an increase in stored domestic crude stocks, the Wall Street Journal reports.
Weekly data from the Energy Department showed a build in stored supplies of almost 2 million barrels, higher than analysts' estimates for an increase of 1.7 million barrels.
The market is also getting a lift from a weaker dollar, the Journal noted.
WPX Energy is a Tulsa, OK-based oil and natural gas exploration and production company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
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 high debt management risk and generally disappointing historical performance in the stock itself.
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: WPX