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     This is a related view to:
        Exxon Overtakes PetroChina as World's Biggest Company   by Joe Carroll on 03/26/08

1 pt

Exxon Mobil (XOM) rises as oil futures find support

 Mar 26, 2008 05:47 PM UTC
Symbol Sentiment Start Return Closed
XOM n/a

Exxon Mobil Corp. (NYSE: XOM) shares are trading higher this morning, helped by crude oil futures that are rising again after falling from recent highs. XOM is also receiving support from investors expecting the Federal Reserve to once again cut interest rates at its meeting today. Investors hope a big enough cut will finally spur the economy back into gear, which would in turn increase demand for oil. If you think that the company won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on XOM.




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