U.S. stocks wrapped up a volatile and losing month.
Exxon Mobil reported $5.48 billion in net income during the first quarter as oil and gas prices rose steadily, doubling its profits compared to the same quarter last year.
But the oil giant took a huge hit as abandoned its Russian operations due to the war, writing down $3.4 billion, the company said Friday. In commodities, U.S. West Texas Intermediate crude gained over 4% for the month closing at $104.69, while Brent, the global benchmark, rose to $109 during April.US ECONOMY SHRANK AT THE BEGINNING OF 2022 In Asia, Hong Kong's Hang Seng index surged 4% and China's Shanghai Composite index gained 2.4%.
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