Why ExxonMobil, Chevron, and ConocoPhillips Stocks All Just Dropped

It's looking like a kind of good news, bad news day for investors in oil stocks on Monday.On the good news side of the board, two big Wall Street banks -- Truist and Piper Sandler -- just raised their price targets on three of the nation's biggest oil companies: ExxonMobil (XOM -2.60%), Chevron (CVX -1.57%), and ConocoPhillips (COP -2.79%). At the same time, however, there's bad news on oil demand coming out of Saudi Arabia -- and that seems to be overwhelming the good news, driving down oil prices and oil ...