Oil's Friday Close Tells a Story the Ceasefire Can't
$101.40 oil is the market's vote of no confidence in the ceasefire path.
Dara Osei
Bureau: London
Big Oil's War Dividend: Exxon, Chevron, and the $101 Premium
At $101.40 WTI, Exxon and Chevron are printing cash — and the war premium that closed Hormuz is their dividend.