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Benzinga
Benzinga
Business
Henry Khederian

SHOCKING: Exxon mobil xom stock rises on us sanctions against russian oil | Mind Blowing Facts

XOM Exxon Exxon Mobil United States Oil Lukoil Rosneft Benzinga Edge
Trinidad,,Co,,Usa,-,May,19,,2024:,Exxon,Gasoline,Station

Exxon Mobil Corp (NYSE:XOM) shares are trading marginally higher Thursday, benefiting from a sector-wide rally after the U.S. imposed new sanctions on Russian oil giants Rosneft and Lukoil. The news sent West Texas Intermediate (WTI) crude futures soaring over 5% to above $61 a barrel.

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