Exxon to Sell Polish Shale Gas Assets
Reuters reports that Exxon Mobil Corp (NYSE:XOM) is looking to sell 49 percent of its interest in four shale gas concessions in the Podlasie Basin in southeastern Poland.
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Buyers To Buy If Prices Weaken
If bearish sentiment continues for a bit, expect to see a potential break below support levels around $67.35. Further declines in shipping rates due to reduced Chinese demand can be expected to continue, highlighted by expectations for a 50 per cent drop in freight rates in the next four months.
