Why Exxon Mobil Looks Set For New Highs as Crude Oil Soars

Why Exxon Mobil Looks Set For New Highs as Crude Oil Soars
A logo of the Exxon Mobil Corp. is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, on Sept. 24, 2018. Sergio Moraes/Reuters
Benzinga
Updated:

Exxon Mobil Corporation gapped up almost 3 percent higher on Thursday morning but immediately ran into a group of sellers, which dropped the stock down 1.6 percent at press time.

Brent crude oil prices jumped 8.99 percent to over $105 a barrel at 5 a.m. EST, after Russian troops began a full-scale invasion of Ukraine overnight.