Some analysts advocate this stock even though it continues to act poorly.
They base their position on predictions that supply imbalances caused by production cuts from OPEC and a recovering Asia Pacific economy will probably remain stagnant for some time.
There is also geopolitical turmoil, as well as environmental policy, which is leading to higher prices of oil.
On the other hand, I hope that XOM will not dip below 90 soon. How likely is that?
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