Why These 5 Stocks Are Surging on Thursday

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In this article we take a look at five stocks surging on Thursday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Surging on Thursday.

5. Exxon Mobil Corporation (NYSE:XOM) has surged 3.5% due to oil prices increasing. According to the EIA, crude stocks in the U.S. fell to the lowest since October 2018 and fuel demand has been growing. If the global economy continues to improve and if China contains the Evergrande troubles, Exxon Mobil Corporation (NYSE:XOM)’s profits could benefit.

First Eagle Investment Management owned a position of almost 25.5 million shares in Exxon Mobil Corporation (NYSE:XOM) at the end of June 30, 2021.

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