NEW YORK (TheStreet) -- Shares of oil and gas services company Basic Energy Services closed up 25.47% to $7.98 on Friday as oil prices climbed. Brent crude fell to a five-year low of $58.50 earlier this week, but the benchmark was up 5.65% to $62.62 at 4:05 p.m. WTI Crude was up 4.45% to $56.52. Oil prices have plummeted nearly 50% since the summer amid a global oversupply.
Basic Energy Services (bas) Stock Closes Higer Today As Oil Prices Rise
twocents@thestreet.com (Andrew Meola), The Street
Fri, 12/19/2014 - 2:08pm
Topics: york thestreet shares brent wti crude oil exclusive jim cramer's best stocks separately basic energy services inc bas hold highlights growth energy equipment eps net index bas ratings report the energy services report stocks to buy thestreet quant ratings learn thestreet ratings basic energy services inc c thestreet ratings team services bas bas s&p click year quarter earnings compared company industry million revenue prior performance average income cash view friday production improvement analysis identified potentially flow handful months triple operating weaknesses strengths significantly
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