Big Oil CEOs Warn Energy Market Is Moving Closer to Cliff’s Edge

America’s biggest oil companies are warning that global crude markets may be nearing an inflection point of higher prices the longer the Strait of Hormuz stays closed.

By Kevin Crowley, David Wethe · Bloomberg Markets

America’s biggest oil companies are warning that global crude markets may be nearing an inflection point of higher prices the longer the Strait of Hormuz stays closed.