Exxon Mobil Falls Under $80 For The First Time Since February 2016

by Joel Elconin, Benzinga Staff Writer

June 2, 2017 11:22 AM | 27 seconds read | Make a Comment

Exxon Mobil CorporationXOM

shares are trading lower by $0.95 at $79.75 in Friday's session. Much lower crude oil prices have been weighing heavily on the issue in this week's trading.

After a soft open, Exxon found resistance just ahead of Thursday's close ($80.70) at $80.68 and continued its move lower. It easily eclipsed Thursday's low ($80.19) and is not far off that level.

The issue has not been under $80.00 since February 2016 and is now approaching the low from that month at $79.67.

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