🟢 XOM is trading 4.9% up today on oil surge from Strait of Hormuz closure

XOM is trading at $159.90 (+4.85%) in pre-market as oil prices surge following the closure of the Strait of Hormuz.

• Crude oil prices jumped 10% to near $82/bbl after Iran closed the strategic waterway, trapping 20% of global oil flow following US-Israel strikes.
• The stock is defying a broader market selloff triggered by the Middle East escalation, with futures currently down over 1%.
• Exxon Mobil previously closed at $152.50 on February 27 before the geopolitical supply shock.