Friday, April 30th, 2021 Oil prices posted gains for much of this week but traded down on Friday. A bit of profit-taking after strong gains, combined with concerns about the worsening outlook in India, likely contributed to the move down. Exxon and Chevron report big boost in profit. ExxonMobil (NYSE: XOM) reported $2.7-billion profit in the first quarter, and Chevron (NYSE: CVX) said it earned $1.4 billion. Shale CEOs stick with restraint, mostly. Ovintiv (NYSE: OVV) CEO Doug Suttles told Bloomberg that the industry is maintaining capital discipline. At the same time, Continental Resources (NYSE: CLR) said that it would ramp up activity in the Bakken this year.