Trump's Tariffs On Buyers Of Venezuelan Oil Could Boost Energy Sector, Exxon Mobil Stock
Benzinga (Tue, 25-Mar 12:54 PM)
Shares of oil and gas giant Exxon Mobil Corp. (NYSE:XOM) are hitting 16-week highs on Tuesday as investors bet President Donald Trump's latest tariff threat could be a positive catalyst for the stock.
What To Know: Trump took to Truth Social on Monday with the promise of 25% tariffs on any country that buys oil or gas from Venezuela, set to go into effect on April 2.
The secondary tariffs target major buyers of Venezuelan oil, including China, India, Spain, Italy and Cuba and could disrupt global oil supply chains. Exxon Mobil could potentially ...
