(CNBC) The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, according to Chevron CEO Michael Wirth. The Chevron CEO said he was surprised that U.S. crude oil was trading below $73 a barrel because the “risks are very real.”
Red Sea risk to oil ‘very real,’ prices could change rapidly if supply disrupted, Chevron CEO says
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