GeneralBearishBlockonomi · 3h ago7/10
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Oil Giants Sound Alarm: Global Crude Stockpiles Nearing Historic Depletion
ExxonMobil and Chevron executives warn that global crude oil inventories are approaching historic lows, with potential for Brent crude to surge to $150-$160 per barrel within weeks. This supply constraint signals significant upward pressure on energy prices with broader macroeconomic implications.