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Stock impact report

Oil rises amid hopes for quick decline in U.S. shale output [Reuters (UK)]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Reuters
Oil gains as U.S. shale production set to fall sharply - Reuters 3 Min Read TOKYO (Reuters) - Oil prices rose on Tuesday after a U.S. agency said shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers. Brent LCOc1 futures rose 56 cents, or 1.8%, to $32.30 a barrel by 0017 GMT after settling 0.8% higher on Monday. U.S. West Texas Intermediate (WTI) crude CLc1 was up 47 cents, or 2.1%, at $22.88, having dropped 1.5% the previous session. The Organization of the Petroleum Exporting Countries, along with Russia and other producing countries - known as OPEC+ - agreed over Easter to cut output by 9.7 million barrels per day (bpd) in May and June, equal to about 10% of global supply before the viral outbreak. With other producers, including the world’s biggest, the United States, reducing output as well, the estimated reduction in production is about 19.5 million bpd. But analysts, oil industry executives and ot Show less Read more
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