American oil giants say there is a high probability that oil prices will rise this summer.

At a conference held by investment firm Bernstein, the CEO of American oil giant ExxonMobil, Mike Wirth, said that global crude oil inventories are continuously decreasing due to the situation in Iran, and there is a high probability that oil prices will rise in the next two months. The Financial Times reported that Wirth's remarks reflect widespread concerns that, even if the conflicting parties reach a ceasefire agreement, the negative impact of the conflict on energy prices will continue for several months. In addition, according to a report by CNN on the 28th, the strategic petroleum reserves of the United States are decreasing at an unprecedented rate in recent years due to the ongoing geopolitical conflict in the Middle East, and commercial crude oil inventories are currently low.