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Another gain for WTI crude (USO +1.4%) sends the price to $107.70/barrel - the highest in about...

Another gain for WTI crude (USO +1.4%) sends the price to $107.70/barrel - the highest in about 15 months - and the energy sector (XLE +1.2%) to a big advance. Leading the way and hitting a 5-year high today is Exxon (XOM +1%). The company is looking to beat out a unit of Temasek Holdings and Shell to stock a 9M metric ton terminal on Jurong Island which Singapore hopes will turn the country into Asia's LNG hub.
Comments (3)
  • dacama1
    , contributor
    Comments (211) | Send Message
     
    Just looked at my stockcharts.com site and XOM is hitting an all time high. Am I missing something with your 5 yr high comment?
    18 Jul 2013, 03:17 PM Reply Like
  • Phenom1
    , contributor
    Comments (241) | Send Message
     
    @dacama- depends whether you are looking at monthly, weekly, daily or intraday charts. On a monthly basis that is correct. On a weekly chart, it is close but not there yet. On a daily or intraday, its got another 2 points to go. Hope that helps.
    18 Jul 2013, 03:59 PM Reply Like
  • captiankirkoptions
    , contributor
    Comments (192) | Send Message
     
    Meanwhile the market trades at highs - something ugly is coming down the road.
    18 Jul 2013, 07:57 PM Reply Like
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