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Oil Prices Set to Stay Elevated as Supply Buffers Deplete, Warns Chevron CEO

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Chevron CEO Mike Wirth warned that oil prices will likely remain elevated as emergency supply buffers cushion against Middle East disruptions are largely depleted.
  • With Brent crude hovering above $100 and refined products constrained, risks remain tilted to the upside, benefiting major oil producers.
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