ExxonMobil CEO sees chance of higher oil prices as earnings dip

US oil giants reported lower earnings Friday with accounting effects muting the benefits of the Middle East oil shock, as ExxonMobil’s CEO cautioned that crude prices could still increase. Oil prices jumped during the quarter from the mid-$60s in early February to more than $100 a barrel at times in March as Iran’s almost complete […] The post ExxonMobil CEO sees chance of higher oil prices as earnings dip appeared first on Digital Journal.