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Oil Wobbles on Mixed Data

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  • Description

    FBN’s Sandra Smith with oil’s reaction to today’s mixed economic data.

  • Duration 1:44
  • Date

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Oil dropping this week to its lowest level in six weeks how energy stocks reacting.

Sandra Smith takes a look in today's trade Sandra.

Actually do any Tracy -- -- -- -- quick update we are still seeing as oil prices down this is the fourth straight day of losses the longest losing streak.

That we've seen in three and a half months who exactly is continue -- -- an -- below 92 dollars.

-- -- but what is this doing for those energy stocks which so many of us alone.

In our portfolios.

Pretty mixed action right now a lot of the big oil companies remember these are diversified -- -- in natural gas especially stocks like Chevron and Exxon.

-- -- actually getting a boost today as you can see it participated -- that sell off of oil prices but it's coming back.

Buyers stepping in considering -- -- somewhat cheap after the recent selloff.

That being said Chevron by the -- -- got a bunch of upgrades recently.

ExxonMobil I want to highlight this obviously is the Dow component bring up -- -- chart right now it's sitting near its 52 week highs at just around 92 dollars a share.

If it did you he had 9250s.

So it's testing that level remember this is 77.

Dollar stock back in June to it's been on quite -- share.

Seven not of the 31 analysts that cover 21 analyst that cover this right now.

-- this is the body at these levels because the underperformance.

This stock I'll show you back guys.

Rate this year year to day S&P 500 obviously up about 1516%.

While ExxonMobil shares options eight per -- -- hot of them like it.

Just for that reason but I'll finish on this -- if I -- actually -- -- at a one week you'll see what an influence the energy stocks have on this market.

Exxon Mobil's been underperforming dragging down the broader stock markets as Tracy actually got a -- says energy stocks that -- -- signed definitive.

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