Markets advance as oil prices rise

An increase in crude oil prices lifted the markets during the midday with the Dow rising 11 points to 18,220. Nasdaq gained 10 points to 4,978.

On the upside

Bargain hunters snapped up shares of CollabRx (Nasdaq: CLRX).

SFX Entertainment (Nasdaq: SFXE) chief executive officer Robert F.X. Sillerman offered to take the company private.

Shares of Second Sight Medical Products (Nasdaq: EYES) continued soaring.

On the downside

Lumber Liquidators (NYSE: LL) disappointed with lower fourth quarter earnings that fell short of analyst expectations and forecast full year earnings below estimates.

LendingClub (NYSE: LC) fell to a loss for the fourth quarter.

Bill Barrett (NYSE: BBG) swung to a profit for the fourth quarter but the results missed estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 edged up a fraction to 2116. Bitcoin eased a fraction to $235.