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The price of Brent crude has decreased by 20% over the past seven months, which is a significant but not uncommon fluctuation in the energy sector.
November 27, 2024 | 1:30 pm
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Chevron (CVX) may be impacted by the 20% decline in Brent crude prices over the past seven months, as fluctuations in oil prices can affect oil companies' revenues and stock prices.
Chevron, being a major player in the oil industry, is likely to be affected by the decline in Brent crude prices. Lower oil prices can lead to reduced revenues and potentially impact stock prices negatively in the short term.
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