The DJIA: Exxon Mobil (NYSE: XOM) and Chevron Corporation (NYSE: CVX) go up today due to rising oil prices

Oil prices climb slowly but steadily

In brief: Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) shares rising due to increased demand for oil.

Oil prices are rising today. DJIA climbs higher. Exxon Mobil Corporation (NYSE: XOM) shares rose to 60.80, gaining +1.54% owing to a rise in oil prices. Chevron Corporation (NYSE: CVX) approached to 77.73 points, gaining +0.74 (0.96%).

At the same time, yesterday (August 16) oil prices fell to a five-week low due to concerns for state and prospects of the economy. September futures for the supply of WTI oil fell in price by 0,2% to $ 75.24 per barrel. Natural gas prices fell by 2.3% to $ 4.23 per million British thermal units. Today’s rise in oil prices was promptly forecasted by analysts.

Anrey Torbinski
2010-08-17 16:13, Commodities.

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One comment к “The DJIA: Exxon Mobil (NYSE: XOM) and Chevron Corporation (NYSE: CVX) go up today due to rising oil prices”

  1. InTheKnow Says:

    After today, look for some profit taking until the MOABs start dropping in Iran.

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