Exxon Mobil Corp (NYSE:XOM) shares are trading higher by 2.25% to $104.70 Monday afternoon. Shares of oil and gas companies are trading higher following an attempted rebellion by the Wagner Group in Russia, which has caused supply uncertainty.
What Happened?
Russia’s leadership experienced a significant shock over the weekend as Yevgeny Prigozhin, leader of the Russian mercenary group Wagner, led his forces toward Moscow with demands, including the removal of Defense Minister Sergei Shoigu.
Prigozhin clarified that the march was a protest against Russia’s military leadership and claimed that 30 of his personnel were killed in an attack.
“I don’t think we’ve seen the final act,” U.S. Secretary of State Antony Blinken said Saturday…Read More
According to data from Benzinga Pro, XOM has a 52-week high of $119.92 and a 52-week low of $80.69.
