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Chevron, Exxon Mobil stock selloffs cutting nearly 40 points off the Dow

Investors can blame the Dow Jones Industrial Average’s decline Friday on two stocks, those of Chevron Corp. and Exxon Mobil Corp. , which are shaving a combined 36 points off the Dow as oil prices sink. Chevron shares were the Dow’s biggest losers, as they shed 3.0%, with the price decline of $3.84 taking about 26 points off the Dow. Exxon’s stock slumped $1.45, or 1.8%, to reduce the Dow’s price by about 10 points. Meanwhile, the Dow was down just 7 points. Crude oil futures tumbled 3.5%, as Russia and the Organization of Petroleum Exporting Countries (OPEC) are reportedly discussing boosting supply.

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