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.