Ed Krassenstein: Oil prices could reach $160 per barrel amid record low inventories

Ed Krassenstein: Oil prices could reach $160 per barrel amid record low inventories
Oil prices could jump to $160 soon

Ed Krassenstein, co-founder and CFO of NFTz.me and leader of Forum Advertising LLC, reports that ExxonMobil Senior Vice President Neil Chapman has warned oil prices could surge to $150–$160 per barrel in the coming weeks.

Chapman highlighted that global oil inventories are reaching extremely low levels, which he believes could trigger a significant jump in prices if the situation persists.

Krassenstein previously highlighted that gas prices rose from $3.13 to $4.43 after Joe Biden left office, suggesting a favorable environment for oil producers in that period here. He also reported on former President Donald Trump's 3,600 stock trades in early 2026, raising concerns about presidential trading activity here. These earlier observations reflect his ongoing coverage of energy markets and high-profile financial moves.

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