"WTI crude oil prices have fallen nearly 20% year-to-date in 2025, hovering around $58 per barrel as the year comes to a close during global oversupply concerns and economic slowdown fears tied to trade tensions. Some of the factors weighing on oil include abundant supply from non-OPEC producers, OPEC+ production increases, and softer demand expectations from potential recession risks. Despite this headwind, Exxon Mobil's stock has gained ground, supported by its integrated business model that extends beyond upstream production."
"In April, the oil and gas giant succumbed to significant pressure after President Trump's sweeping tariff announcements triggered a sharp decline in the market as a whole, and in oil prices specifically, sending Brent and West Texas Intermediate (WTI) crude plunging over 15% to multi-year lows. This led Exxon Mobil shares to drop 16%, hitting an intraday 52-week low of $97.80 per share."
Exxon Mobil shares plunged in April after President Trump's tariff announcements and a sharp market-wide oil selloff, falling 16% to an intraday 52-week low of $97.80. The stock has since staged a steady eight-month recovery and closed recently about 4% below its October 2024 all-time high of $126.34. WTI crude dropped nearly 20% year-to-date to roughly $58 per barrel amid global oversupply, OPEC+ production increases, and weaker demand expectations. Natural gas strength at Henry Hub from cold snaps and rising LNG export demand, plus higher energy demand from AI data centers, provided partial offsets. Exxon's integrated operations across exploration, production, refining, and marketing underpinned resilience amid commodity volatility.
Read at 24/7 Wall St.
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