Why ExxonMobil, ConocoPhillips, and Chevron Stocks Hit a Gusher on Tuesday
Shares of all the major oil stocks are rocketing in afternoon trading Tuesday on news that Saudi Arabia and the Russian Federation have reached a compromise on oil production levels.
In 1:30 p.m. EST trading, ExxonMobil (NYSE: XOM) stock is up 7.5%, followed by ConocoPhillips (NYSE: COP) with a 6.8% gain, and Chevron (NYSE: CVX) is up 5.2%.
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Source Fool.com
