Exxon stock edges lower into Monday as oil sinks 2% on supply-glut fears
Brent crude settled at $60.64 a barrel, down 2.57% Friday, while U.S. crude fell 2.76% to $56.74 on oversupply concerns and renewed Russia-Ukraine peace talks. Exxon Mobil closed down 0.1% at $119.11. Oil is on track for its steepest annual drop since 2020. The S&P 500 slipped 0.03% in light trading.