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Exxon Mobil (XOM) Stock Rises As Crude Rallies

NEW YORK (TheStreet) -- Shares of Exxon Mobil (XOM - Get Report) are up by 0.75% to $78.50 on Wednesday afternoon, as crude prices rally.

Oil prices fell earlier today after the U.S. Energy Information Association reported that crude stockpiles increased by 3.1 million barrels, versus analysts' consensus 2.5 million barrel expectations, to 461 million barrels last week.

The increase marks the second consecutive week that U.S. stockpiles have risen.

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Industry standard Brent crude for November delivery was up 0.12% to $51.98 per barrel.

West Texas crude for November delivery was still down 0.14% to $48.46 per barrel, but the commodity has pared its wider losses from morning trading.

Separately, TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of...


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