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ICYMI - Chevron’s CEO sees oil prices getting “close” to reaching the $100-a-barrel level

Chevron CEO Mike Wirth spoke in an interview on Bloomberg TV. He outlined his reasoning for expecting even higher prices: “Supply is tightening, inventories are drawing ... the trends would suggest, we are certainly on our way, we are getting close (to $100/bbl),”he sees some impact from higher oil prices on the U.S. and global economy, but underlying drivers remain healthy. “It’s a drag on the economy, but one that thus far the economy has been able to tolerate.” Greg had the headline comment... Read More

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Posted: Sep 19 2023, 01:58

Author Name: forexlive

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