Crude oil (WTI) is down 1.08% to $44.75 per barrel and Brent crude is falling 0.51% to $46.72 per barrel.
Oil prices are falling due to a stronger U.S. dollar.
The oil market limited losses today as U.S. crude stockpiles are forecasted to fall for the ninth week in a row despite a global glut in oil supplies, CNBC reports.
A wage protest in Libya that shut the eastern Libyan oil terminal at Hariga and suspended 100,000 barrels of crude oil production per day has also helped slow losses.
Transocean is a Switzerland-based international offshore drilling services company.
Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D+.
Among the areas TheStreet Ratings feels are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: RIG
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.