HomeLifestyleRetailOutlook For Energy Prices Entering Summer And Exxon Mobil (XOM) Meeting
Outlook For Energy Prices Entering Summer And Exxon Mobil (XOM) Meeting

EIA crude oil (/CL) inventory report confirms bullish outlook for oil prices, says Ed Moya of OANDA. Iran remains the biggest risk for oil prices, he adds. Energy stocks still look good, say Ed. Oil prices will not stabilize unless we have 600 rigs running and only have 450-460 now, says Jay Young of King Operating Corp. If oil prices rise, gas prices could get to $5 per gallon in some areas, adds Jay. Eyes are on the upcoming Exxon Mobil (XOM) shareholder meeting. Ed points out Exxon's 6% dividend yield.

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