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Oil may hit $160 as inventories near record lows
Exxon Mobil warns global oil inventories may hit record lows soon, potentially driving crude prices to $150-$160 per barrel and prompting market rebalancing through reduced demand.
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cnbc.com
Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
The price of physical Brent oil cargoes will spike to $150 to $160 per barrel once inventories hit all-time lows, Exxon executive Neil Chapman said.
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zerohedge.com
"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
"We're approaching unheard of inventory levels. I mean, really, really low levels. Once you get to that point, then you'll see price shoot up. Once you get to that really low…
