Exxon Mobil Poised to End 7-Day Slide as Oil Soars 8%
XOM•Iranian negotiators ceased communications with US officials, sending oil futures surging roughly 8% intraday before cooling to a 4% gain on supply disruption fears. Exxon Mobil shares are poised to snap a seven-day slide, rallying alongside sector gains as reserves approach operational minimums and geopolitical risk intensifies.
1. Iran Suspends Negotiations
Iranian negotiators cut off communication with US and White House teams, reversing earlier progress after new demands on Middle East ceasefires. President Trump’s statements that talks were ongoing conflicted with the move, driving oil futures up roughly 8% before settling at a 4% gain.
2. Inventories Near Operational Floors
Onshore storage and floating-roof tanks have drawn down below levels required for safe operation, while pipelines and refineries face minimum throughput limits. Exxon Mobil’s senior vice president warned that breaching these floors could push crude to $150–$160 per barrel before demand damage sets in.
3. Exxon Mobil’s Stock Rebound
Exxon shares climbed in tandem with the 4% oil price uptick, setting the stage to snap a seven-day losing streak. The stock’s surge reflects a heightened risk premium as supply concerns mount and the sector resumes an upward trend.




