Exxon Mobil's stock slips, in danger of snapping longest win streak in 9 years

Shares of Exxon Mobil Corp. XOM, -0.19% eased 0.2% in afternoon trading Wednesday, as crude oil prices sold off. While the oil giant’s stock decline was fractional, it was significant because it would the first decline in 10 sessions. The nine-session win streak through Tuesday was the longest such streak since it rose for 11-straight days through Nov. 11, 2010. Crude oil futures CLV19, -2.80% fell 2.7%, as a Bloomberg report that President Trump was considering easing sanctions on Iran and a weaker demand outlook from OPEC offset a report of a a big draw down in supplies. Exxon Mobil’s stock had gained 7.3% during its win streak, but was still down 3.9% over the past three months, while the Dow Jones Industrial Average DJIA, +0.47% has gained 3.8% the past three months.

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