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NEW YORK (TheStreet) -- Exxon Mobil (XOM) - Get Exxon Mobil Corporation Report stock closed up by 2.04% to $81.92 on Tuesday afternoon, as oil prices gained today amid tensions in the Middle East and a weaker dollar. 

Oil prices reached a two-week high today, Reuters reports. WTI crude is up 2.78% to $42.91 per barrel, while Brent crude is increasing 2.94% to $46.15 per barrel this afternoon, according to the index.

Earlier today, Turkey downed a Russian jet fighter near Syria's border. 

"News of a military jet crashing in Syria is a reminder that there is still substantial risk in the Middle East," Bjarne Schieldrop, commodities analyst at SEB Markets, told the Wall Street Journal.

Even so, prices remain near six-year lows, as Syria is not a major producer and neighboring nations such as Saudi Arabia and Iraq have increased their output recently, the Journal adds.

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Additionally, a weakened dollar is driving up oil prices today, as dollar-priced commodities such as oil become relatively less expensive to foreign buyers.  

Separately, TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate EXXON MOBIL CORP (XOM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • XOM's debt-to-equity ratio is very low at 0.20 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.48 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • XOM, with its decline in revenue, slightly underperformed the industry average of 36.8%. Since the same quarter one year prior, revenues fell by 37.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The share price of EXXON MOBIL CORP has not done very well: it is down 16.02% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • Net operating cash flow has decreased to $9,174.00 million or 25.99% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, EXXON MOBIL CORP has marginally lower results.
  • You can view the full analysis from the report here: XOM

Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.