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Exxon Mobil (XOM) Stock Declines on Lower Oil Prices

NEW YORK (TheStreet) -- Exxon Mobil (XOM - Get Report) stock is down 0.66% to $86.95 in afternoon trading on Monday as shares of the energy company are pressured by weaker oil prices.

WTI crude is declining 2.36% to $42.70 per barrel on the New York Mercantile Exchange, while Brent crude is falling 1.29% to $44.53 per barrel on the Intercontinental Exchange this afternoon.

Oil prices are down as crude oil inventories at the Cushing, OK delivery hub increased by 1.55 million barrels last week, according to data from Genscape, Reuters reports.

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