MRO Stock: Why It Increased Today

By Amit Chowdhry ● Oct 11, 2021
  • The stock price of Marathon Oil Corporation (NYSE: MRO) increased by over 2% today. This is why it happened.

The stock price of Marathon Oil Corporation (NYSE: MRO)  increased by over 2% today. There are no company-specific reports today so it appears there are external factors at play.

Investors appear to be responding positively to oil prices increasing about 2% today. And this extended gains as major economies are dealing with an energy crisis. Brent crude increased more than 2.4% today to about $84.43 per barrel as of this morning. The barrel price is the highest level since October 2018.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.