⚡️Supreme Court Ruling Impacts Chevron, Middle East Tensions, Regulatory Changes Drive Oil Prices Higher | Energy Sector Insights
The Supreme Court overturning the Chevron ruling could impact regulatory oversight on Chevron Corp's operations. Escalating tensions in the Middle East are overshadowing bearish demand data, potentially leading to supply disruptions that may drive oil prices higher.
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Friday, June 28
XLE [+0.4%]
The Energy Select Sector SPDR Fund (XLE) saw significant movements in its holdings, with top contributors like XOM and CVX showing positive returns. The Supreme Court overturning the Chevron ruling could impact regulatory oversight on Chevron Corp's operations. Escalating tensions in the Middle East are overshadowing bearish demand data, potentially leading to supply disruptions that may drive oil prices higher amidst geopolitical risks and market uncertainties regarding crude oil prices due to US inflation data and energy project regulations.