Exxon shares closed yesterday with a 2.48% decrease in price after the price of oil took a recent tumble in value. These losses follow positive outlooks on Exxon, when it was rated ‘outperforming’ by RBC Capital. Oil’s own outlook, despite showing signs of recovery, are still more mixed. OPEC does not expect oil to reach its $100 barrel benchmark anytime in the next several years, while other analysts remain confident that oil will reset its multi-year low.
May 12, 2015 – Stock Market News
Exxon shares closed yesterday with a 2.48% decrease in price after the price of oil took a recent tumble in value. These losses follow positive outlooks on Exxon, when it was rated ‘outperforming’ by RBC Capital. Oil’s own outlook, despite showing signs of recovery, are still more mixed. OPEC does not expect oil to reach its $100 barrel benchmark anytime in the next several years, while other analysts remain confident that oil will reset its multi-year low.
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