Shares of Exxon Mobil Corp. rallied 3.3% on Wednesday to close at a record $120.20, according to data going back to November 1972. It also marked a fourth...
Shares of Exxon Mobil Corp. XOM, +3.26% rallied 3.3% on Wednesday to close at a record $120.20, according to data going back to November 1972. It also marked a fourth straight session of gains for the stock. The Energy Information Administration earlier Wednesday said U.S. crude inventories fell 2.
2 million barrels last week, in line with market expectations, and the U.S. crude futures benchmark rose nearly 4%. “Oil prices have rallied strongly on the back of supply restrictions,” with ongoing concerns about the economy a counter-risk to rising prices, analysts at Oanda said in a recent report.
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