Exxon Mobil slips 0.8% while oil moves higher amid geopolitics
Exxon Mobil (XOM) fell about 0.8% to $163.235 as Brent crude rose toward $95.18 after renewed U.S.-Iran hostilities.
Exxon Mobil NYSE:XOM, the integrated energy and chemicals heavyweight, dropped roughly 0.8% to $163.235 Wednesdayeven as Brent crude charged toward $95.18 following renewed U.S.-Iran hostilities.
That is a striking disconnect.
Oil is ripping, but geopolitical risk and market-wide caution are stoppi…