Oil’s 4-month low hands Exxon, Chevron a fresh problem
The Iran war handed Exxon Mobil (XOM) and Chevron (CVX) their sharpest stock surge in years. Then the peace dividend arrived, and it had the opposite effect. West Texas Intermediate prices fell to about $69 a barrel on June 28, its lowest since late February. This happened as tanker traffic through the Strait of Hormuz […]
