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Chevron Stock Falls as Oil Prices Crash — Then Strait of Hormuz Risk Returns
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Chevron Stock Falls as Oil Prices Crash — Then Strait of Hormuz Risk Returns
Chevron shares fell 2.2% to $183.99 Friday as oil prices plunged after Iran briefly reopened the Strait of Hormuz. Reuters reported Sunday that shipping stalled again following renewed tensions, with at least two ships reporting gunfire. Brent crude dropped 9% Friday to $90.38 a barrel. Chevron’s trading volume more than doubled to 15.7 million shares. The post Chevron Stock Falls as Oil Prices Crash — Then Strait of Hormuz Risk Returns appeared…
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