Exxon Mobil's (XOM) 4Q international exploration and production results benefits from the sharp premium of Brent crude (benchmark for much of Europe and Asia), to Nymex WTI, Raymond James notes.
Exxon Mobil's (XOM) 4Q international exploration and production results
benefits from the sharp premium of Brent crude (benchmark for much of
Europe
and
Asia
), to
Nymex WTI, Raymond James notes. WTI has traded at a sharp discount to Brent due
to high supplies at the contract's delivery point in
Cushing
,
Okla.
Other
international companies with high exposure to European markets are expected to
benefit from this effect, firm says. XOM up 1.1% at $79.88.
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