Exxon Mobil up as Brent tops $105 amid Joliet power failure
XOM rose about 1.5% to $167.42 Tuesday morning as Brent pushed above $105/bbl, with investors pricing in tighter global energy supplies, even as a power failure forced Exxon's Joliet refinery offline (Joliet 264,000 bpd).
42 Tuesday morning as Brent crude pushed above $105 per barrel and investors priced in tighter global energy supplies. The strength came even as a power failure forced Exxon's 264,000-barrel-per-day Joliet refinery to reduce operations.