NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are lower by 1.46% to $37.16 in early afternoon trading on Tuesday, as some oil and energy related stocks decline today along with the price of the commodity. Crude oil (WTI) is slipping by 2.5% to $48.75 per barrel and Brent crude is retreating by 3.35% to $56.57 per barrel this afternoon, according to the CNBC.com index. Oil is being pushed into the red today on concerns that global crude supplies will continue to grow now that the winter weather is starting to abate, the Wall Street Journal reports. With parts of the U.S. slammed by large snow storms and freezing temperatures, demand for heating oil in February helped prices stabilize. With issues regarding the weather starting to disappear, and refineries across the world closing for seasonal maintenance, demand for crude oil will fall, the Journal noted. "Most of the supportive factors for Brent are starting to fade. We expect prices to fall in the coming weeks," Energy Aspects said in a note issued on Monday, the Journal added. Insight from TheStreet's Research Team: Bret Jensen commented on Whiting Petroleum and the energy sector in a recent post on RealMoneyPro.com. Here is what Jensen had to say: It has been a very ugly six months for investors in the energy sector. The small- and mid-cap exploration & production (E&P) space has been decimated. Many small producers will either have to go bankrupt, raise additional capital or be sold for pennies on the dollar if energy prices stay at these levels. Whiting Petroleum, a large player in the Bakken shale region, has reportedly just put itself on the block. It won't be the last E&P concern to do so. The energy space is extremely opaque at the moment and I don't think anyone knows whether oil will be at $30 or $80 a year from now, although Goldman Sachs seems to change its price outlook on a monthly basis. One part of the energy complex that has held up extremely well, however, is the refinery group. Crack spreads are doing well thanks to the discrepancy between West Texas Intermediate (WTI) and Brent crude benchmark prices, something that looks like it will continue for a while as U.S. production continues to grow despite a significantly falling rig count. Want more information like this from Bret Jensen and 40 more of Wall Street's sharpest minds BEFORE your stock moves? Learn more about RealMoneyPro.com now. Separately, TheStreet Ratings team rates WHITING PETROLEUM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate WHITING PETROLEUM CORP (WLL) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income." You can view the full analysis from the report here: WLL Ratings Report
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