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Business & Finance

Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher

Key Points

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.

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.
Neil Chapman (PERSON)
Originally published by CNBC Read original →