FEATURE | Emptying oil inventories set the stage for next market shock
Source: Baird MaritimePublished: June 5, 20260 views
Global oil inventories are dangerously low, with tanker traffic through the Strait of Hormuz remaining elusive. Industry executives warn of a potential oil price shock in the coming weeks that could impact financial markets. If inventory levels drop further, Brent crude prices could rise to $150 or $160 per barrel, according to Exxon Mobil's senior vice president.
oil inventoriesprice shockBrent crude