NEW YORK ( TheStreet) -- Shares of California Resources Corp. rose 6.37% to $6.18 in late afternoon trading Friday as oil prices climbed. Brent crude fell to a five-year low of $58.50 earlier this week, but the benchmark was up 4.99% to $62.23 at 3:52 p.m. WTI Crude was up 4.45% to $56.52. Oil prices have plummeted nearly 50% since the summer amid a global oversupply.