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Posted by
Two Blokes May 5 -
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Exxon Mobil Corp (NYSE:XOM, ETR:XONA) and Chevron Corporation (NYSE:CVX, ETR:CHV) traded lower ahead of Monday's opening bell, tracking a sharp decline in oil prices after OPEC+ agreed to a significant supply boost. Brent crude fell as much as 4.6% before trimming losses, amid concerns the alliance's output increase could flood a weakening market already rattled by US–China trade tensions.
