Oil Surged to Its Highest Level Since 2022. Here's Why And the Best Oil Stocks to Buy. [Globe and Mail, The (Toronto, Canada)]
Exxon Mobil Corporation (XOM)
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Source: Globe and Mail, The
Oil will remain high for the rest of the year if it doesn't reopen soon. Higher oil prices will enable oil companies to make a lot more money this year. Oil prices are surging again on Wednesday. The price of Brent oil (the global price benchmark) jumped more than 6% today to over $118 a barrel, while WTI (U.S. oil benchmark) leaped nearly 7% to around $107 per barrel. At one point, Brent traded at $119.76 per barrel, its highest level since 2022, while some other oil grades are trading near record levels of $150 a barrel. Oil prices are soaring amid the ongoing impasse in peace talks between the U.S. and Iran, prolonging the closure of the Strait of Hormuz and U.S. Navy blockade. The supply disruption has caused a massive drain on global oil inventories. Here's what's happening in the oil market and some top oil stocks to buy to capitalize on higher prices. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called
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XOM
Earnings
- 1/30/26 - Beat
XOM
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/9/26 - Form DEFA14A
- 4/8/26 - Form DEFA14A
- XOM's page on the SEC website