Previous Close | 1.0800 |
Open | 1.3600 |
Bid | 1.1200 |
Ask | 1.1500 |
Strike | 100.00 |
Expire Date | 2024-10-18 |
Day's Range | 1.0800 - 1.3600 |
Contract Range | N/A |
Volume | |
Open Interest | 1.61k |
Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters in Georgetown on Tuesday. The 140-mile (225-km) pipeline will feed Guyana's $1.9 billion gas-to-power project aimed at ending the country's dependence on imported fuels and at lowering energy costs for residents. Exxon has said it will halt production to fulfill a commitment made with local authorities to have the pipeline connected by year end, despite delays on the government-run onshore part of the project.
WTI crude found resistance at $81 per barrel this morning, countering a sell-off as traders discount geopolitical risk.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.