NEW YORK (TheStreet) -- Marathon Oil (MRO - Get Report)  shares are getting a boost on Wednesday, up by 4.61% to $12.49 from jumping oil prices following the release of the weekly oil inventory data from the Energy Information Administration (EIA) earlier today. 

Last week, stockpiles dropped by 3.4 million barrels to a total of 540 million barrels, the EIA said. This surprise decline immediately sent oil prices up.

Crude oil (WTI) is popping 2.82% to $45.92 per barrel and Brent crude is rallying 3.45% to $47.09 per barrel.

Despite the bearish EIA report and the disruption to output from fires in Canada's oil sands field region, the supply glut continues to linger, Reuters noted.

Marathon Oil is a Houston-based exploration and production company.

Separately, TheStreet Ratings has set a "sell" rating and a score of D on Marathon Oil stock. This is driven by multiple weaknesses, which TheStreet Ratings believes 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 it covers.

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 and feeble growth in its earnings per share.

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 article's author. 

You can view the full analysis from the report here: MRO