Oil prices (CL=F, BZ=F) have come under pressure Tuesday morning, trading down slightly as geopolitical tensions continue simmering in Libya, the Red Sea, and Russia. TD Cowen analysts have also upgraded ExxonMobil (XOM) to "Outperform" while downgrading Chevron (CVX) to "Market Perform." Editor's note: This article was written by Angel SmithVideo TranscriptINES FERRE: We have seen oil prices wavering today. So that's part of the reason why you saw some pressure on oil prices. So the TD Cowen analyst talking about more compelling upside to ExxonMobil as the stock has declined with an unchanged valuation.

Source: Libya Today January 23, 2024 17:40 UTC