Crude Oil Prices Jump After Christmas Eve Rout Despite Bear Market Going Global [Investor's Business Daily]
Exxon Mobil Corporation (XOM)
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Source: Investors Business Daily
Related news Crude oil prices were up Wednesday after plunging Monday even as Japan slipped to join stock markets in China and Germany, as well as the S&P 500 index and Nasdaq composite, in bear market territory . U.S. crude oil prices jumped 3.5% to $44.04 per barrel after plunging 6.7% on Christmas Eve . Brent crude oil prices rose 2.2% to $51.61 after undercutting $50 overnight. Also supporting crude oil prices: The U.S. stock market opened higher, though energy stocks weren't particularly strong. Exxon Mobil ( XOM ) were up 0.1% on the stock market today . Fellow Dow Jones energy giant Chevron ( CVX ) climbed 0.5%. BP ( BP ) advanced 0.25%. Royal Dutch Shell ( RDSA ) climbed 0.25%. EOG Resources ( EOG ), a big U.S. shale producer, was flat. One reason for the relatively muted gains for Exxon stock and other energy names could be that crude oil prices extended losses after U.S. stock markets closed at 1 p.m. ET on Christmas Eve. Igor Sechin, head of Russia's Rosneft and a close al
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- 4/11/24 - Form ARS
- XOM's page on the SEC website