Exxon stock price pushed up to $112.15 in pre-market trading today following OPEC’s updated production cut signals. Technical analysts highlight the RSI at 58, indicating neutral-to-slightly bullish momentum. Investors should also take note of any recent adjustments to analyst estimates for Exxon Mobil. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. For now, Chevron and Exxon stock both land a Zacks Rank #3 (Hold). Given what has been a prolonged suppression in crude prices, there could be better entry points to invest in these oil conglomerates. Exxon stock price moved to $112.05 after upbeat macro data showed U.S. manufacturing expanding faster than expected. Analysts see industrial demand as a key driver for refined product sales.