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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