Why These 5 Stocks Are Trending on Wednesday

2. Exxon Mobil Corporation (NYSE:XOM) has dipped more than 3% as of 11:08 AM ET after the price of Brent crude declined 4.9% on the expectation of positive developments due to a potential meeting between the Russian and Ukrainian foreign ministers. Furthermore, Ed Morse at Citigroup anticipates crude oil prices to fall by 50% to $69 per barrel by the end of this year. The analyst anticipates a deal with Iran to go through, which will add 800,000 barrels to daily production by December. At the end of Q4 2021, 71 hedge funds had a long position in Exxon Mobil Corporation (NYSE:XOM).