2023-11-17 15:21:44 ET
Shares of oil giant ExxonMobil (NYSE: XOM) broke a two-day losing streak on Friday, turning around and moving higher to follow oil prices that are rising in response to positive OPEC news out of Goldman Sachs .
As of 2:30 p.m. ET Friday afternoon, Exxon stock is up 2.6%.
After last bottoming out in late June below $68 a barrel, the price of WTI crude oil went on a wild ride that ended well above $90 in late September -- only to turn tail and plunge thereafter. Through Thursday's close, crude oil prices had plumbed lows last seen in early July and seemed destined to return to June levels -- until today.
For further details see:
Why ExxonMobil Stock Popped on Friday