Oil Stockpiles Near Danger Zone

AI Summary

Oil markets face significant supply disruptions, leading to a substantial drawdown in global stockpiles. Industry expert Dan Dicker warns that if inventories continue to fall, crude prices could surge to as high as $135 per barrel.

Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing supply disruptions, warning that global stockpiles have been drawn down significantly as millions of barrels per day remain unable to reach end markets. Dicker warns hosts of Bloomberg This Weekend David Gura and Christina Ruffini if inventories continue to fall, crude prices could surge from current levels to as high as $135 a barrel. (Source: Bloomberg)