Financial News: DOW up 272, oil hits $88

Financial News:

DOW up 272, oil hits $88

Motor oil

Despite the Dow rising 272 points, and oil reaching $88 per barrel, January has been the weakest month for equities since March of 2020. Exxon ripped Tuesday to

Energy companies led the leader board as oil reached $88 per barrel and ExxonMobil announced earnings of $2.05 per share, above analyst projections by 11 cents. Revenue of $89 million also exceeded expectations. The oil company stated on Monday that it will relocate its headquarters from Irving, Texas, to Houston in order to save money and simplify operations.

Photo: Motor oil, engine oil, or engine lubricant is any one of various substances that consist of base oils enhanced with various additives, particularly antiwear additives, detergents, dispersants, and, for multi-grade oils, viscosity index improvers.

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Content ID: 1643765475 Created Wednesday, February 02, 2022 1:31 AM UTC by Aaron Stipkovich, Updated Wednesday, February 02, 2022 2:22 PM UTC by Aaron Stipkovich.