Physical supply of oil is tighter than futures market indicates.
Traders lack sufficient information to accurately price oil.
Geopolitical tensions, particularly regarding Iran, are influencing market dynamics.
Strategic angle: Chevron CEO Mike Wirth highlighted the disparity between physical oil supply and futures market pricing amid ongoing geopolitical tensions.
Physical supply of oil is tighter than futures market indicates.
Traders lack sufficient information to accurately price oil.
Geopolitical tensions, particularly regarding Iran, are influencing market dynamics.