NEW YORK ( TheStreet) -- In
- Minimum market cap: $2.5 billion Increasing dividends for each of the past seven years Minimum dividend yield of 2% Decrease in shares outstanding of at least 5% in the past year.
Nymex crude oil has a positive but overbought weekly chart, while the energy sector ETF and shares of Chevron and Exxon Mobil have negative weekly charts.
XOM has been leading the commodity price and the services sector lower.
The news contrasts an 884,000 barrel draw reported by the American Petroleum Institute, but is roughly inline with what analysts were expecting for the week.