Exxon, Chevron Continues Down Even As Oil Recovers
March 4, 2015 3:40 pm
March 4, 2015 – Stock Market News
Despite oil’s recovery up above the 50.00 level, and the fairly sustained increase that led it to where it is now, energy stocks continue to suffer from the extended period of lows. With oil starting and remaining as low as it has been in 2015, future prospects for energy producers remain somewhat dim. Yesterday saw Exxon Mobile shave off another 0.34% off its stock price under the weight of a flooded oil market. Today, it has lost 0.40% of its value. Chevron, on the other hand, decreased 0.40% yesterday, and is now showing a further 0.16% reversal.
March 4, 2015 – Stock Market News
Despite oil’s recovery up above the 50.00 level, and the fairly sustained increase that led it to where it is now, energy stocks continue to suffer from the extended period of lows. With oil starting and remaining as low as it has been in 2015, future prospects for energy producers remain somewhat dim. Yesterday saw Exxon Mobile shave off another 0.34% off its stock price under the weight of a flooded oil market. Today, it has lost 0.40% of its value. Chevron, on the other hand, decreased 0.40% yesterday, and is now showing a further 0.16% reversal.
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