Bearish mood pushes Exxon Mobil to session low of $104.83

A quick look at yesterday: grinding lower but with no clear-cut direction, the US oil and gas giant closed the session at $104.97 after forming a distinct $104.83 – $106.95 range.

Highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

While price action maintains a negative bias, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

On the other hand, positive performances could be seen by looking at other energy stocks as BP gained 0.54%, as it traded at $35.55.

Over the past 3 months, the Texan oil and gas company has retreated 11.34% from a noteworthy peak of $119.17.