According to ChainCatcher, Chevron’s chief executive said the early buffer in the oil market has disappeared, leaving prices more exposed to risks tied to the war involving Iran. The comment points to a tighter market setup than before, with less room to absorb shocks. ChainCatcher’s brief did not provide additional figures, a timeline beyond the statement itself, or further details on specific price moves.
According to ChainCatcher, Chevron’s chief executive said the oil market’s early buffer has disappeared, and price risks tied to the war involving Iran are now higher.
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