XOM Jan 2025 100.000 call
| Previous close | 26.70 |
| Open | 25.90 |
| Bid | 25.60 |
| Ask | 25.85 |
| Strike | 100.00 |
| Expiry date | 2025-01-17 |
| Day's range | 25.70 - 26.70 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.01k |
- Yahoo Finance Video
Gas prices remaining 'higher for longer' and so could energy stocks
Gas prices historically begin to dip after a demand drop-off tied to summer-time prices — this doesn't seem to be this year's case, unfortunately. Oil refining is "constrained" across the globe and isn't forecasted to pick back up until next year. CIBC Private Wealth Senior Equity Trader Rebecca Babin joins Yahoo Finance to discuss what this means for consumers and how energy stocks, like Exxon Mobil (XOM) have remained robust. "Higher for longer, unfortunately — the way we talk about interest rates — is around in gasoline," Babin explains the long-term effects of low refining outputs. "I don't think we go skyrocketing to $5, but I also don't think we see a huge pullback — maybe we get a modest moderation." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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