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Exxon Mobil (XOM) Stock Rises as Crude Prices Climb

NEW YORK (TheStreet) -- Shares of Exxon Mobil (XOM - Get Report) are up 0.4% to $79.54 in afternoon trading on Thursday as crude prices rise in trading.

The increase in prices is partially a result of the ongoing military conflict in Syria as the Russian military continues its bombing campaign in the country.

Russia's navy started bombing Syria for the first time on Wednesday, a week after it began military operations in the oil producing country.

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The expanded military campaign could negatively affect the supply of oil coming from Syria which is helping drive prices up.

Industry standard Brent crude for November delivery is up 3.49% to $53.12 per barrel while West Texas crude is up 3.49% to $49.48 per barrel.

TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their...