US Sanctions Against Russia Causing Concern with Big Oil

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Shares of the major integrated oil producers traded lower today following news that Exxon Mobil
XOM
is suspending operations with Russian state-owned oil company Rosneft due to sanctions. Shares of other major integrated oil companies fell in concern, with share prices reflected below: Exxon Mobil
XOM
: 94.43 down 1.05 percent Chevron
CVX
120.55 down 0.76 percent Conoco Phillips
COP
77.84 down 0.36 percent Occidental Petroleum
OXY
97.23 down 1.14 percent The drop in oil producers came despite a rally of nearly 1 percent in the price of crude oil on the day.
Posted In: NewsMarkets
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