4 Energy Stock Stories Making News On Friday
Exxon Mobil Corporation (NYSE:XOM): Closing price $90.35
Industry sources say that ExxonMobil has taken a long-term charter on the United States-flagged American Phoenix oil tanker at a near-record rate of about $100,000 per day, which exhibits the lack of vessels available to transport oil and refined products between American ports. It is thought that the 339,000-barrel tanker, which was re-leased by Koch Shipping and Supply, might have been the sole vessel of around three dozen so-called Jones Act tankers available for lease, with traders having taken the others so as to help move the burgeoning production from the Eagle Ford shale to Gulf Coast refiners.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.