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Exxon Mobil (XOM) Stock Climbs Alongside Oil Prices

NEW YORK (TheStreet) -- Shares of Exxon Mobil (XOM) were trading higher early Thursday afternoon after oil prices gained on the International Energy Agency's (IEA) projection that crude oil demand will outpace production between July and September.

The agency expects that crude oil production will lag behind demand by nearly 1 million barrels a day during the period, the Wall Street Journal reports.

Oil prices have plunged during the past two years on concerns about oversupply, but the IEA said that output cuts by producers outside of OPEC and...


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