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Buy Chevron or Exxon Mobil - Both Lag the Rise in Crude Oil Prices

Richard Suttmeier

Nymex crude oil futures are up a bull market 23.1% since trading as low as $42.38 per barrel on Dec. 24. Longer term, crude oil remains in a bear market, 32.2% below its Oct. 3 high of $76.90 per barrel with Chevron and Exxon Mobile in correction territory. Chevron is 15.4% below its Jan. 16, 2018 high of $133.88 and Exxon is 18.9% below its Jan. 29, 2018 high.