Why ExxonMobil Stock Is Rallying Today

Why ExxonMobil Stock Is Rallying Today

Fueling the oil stock were higher oil prices and increasing bullishness among Wall Street analysts. Oil prices continued their recent rally today. WTI, the U.S. oil price benchmark, was up more than 1% to $54.50 a barrel, while Brent, the global oil benchmark, rose about 0.5% to more than $56 a barrel.