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What Do XOM, CVX, RDS.A, and BP’s Moving Averages Suggest?

Michelle Rey
What Do XOM, CVX, RDS.A, and BP’s Moving Averages Suggest?

In the second quarter, integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) rose. Higher oil prices and better markets led to jumps in the stocks, which rose by varying degrees possibly due to their mixed performances in the first quarter.