![](https://i.imgur.com/CLvY2jA.png")
19-01-2022, 05:57 AM
Oil prices are at a 7-year high, but Exxon CEO Darren Woods is confident they will trend lower.
PUBLISHED TUE, JAN 18 2022 9:50 AM EST
UPDATED 5 HOURS AGO
Pippa Stevens
KEY POINTS
Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East.
Exxon Mobil CEO Darren Woods, however, is confident prices will trend lower.
"[W]e anticipated higher prices. We also anticipate a lot of volatility. And frankly we're anticipating lower prices as we go forward," he said.
PUBLISHED TUE, JAN 18 2022 9:50 AM EST
UPDATED 5 HOURS AGO
Pippa Stevens
KEY POINTS
Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East.
Exxon Mobil CEO Darren Woods, however, is confident prices will trend lower.
"[W]e anticipated higher prices. We also anticipate a lot of volatility. And frankly we're anticipating lower prices as we go forward," he said.
