NEW YORK (TheStreet) -- Shares of California Resources Corp. are up 7.43% to $5.16 as oil prices turned higher Friday, bouncing back after U.S. fourth-quarter economic growth came in weaker than expected, the Wall Street Journal reports. West Texas Intermediate rose 1.37% to $45.14 at 12:13 p.m. in New York. Brent was up 0.37% to $49.31. Analysts attributed the bounce to technically directed trading as the market recovered from trading below $44 a barrel Thursday and set a new nearly six-year low at settlement, the Journal said. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. "We see ongoing headwinds for oil prices," Citigroup analyst Tim Evans told the Journal. "Optimists may view the price performance in the face of bearish news as an encouraging sign, but we continue to see near-term downside risks," Evans added. CRC data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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