Oil market one month from crunch point as global stockpiles dwindle

the oil market is about a month away from a crunch point, with global stockpiles shrinking fast. traders are warning of another jump in prices and "huge pain" as economies start cutting consumption. there's no specific number on how low inventories have fallen, but the language from the trading desks is blunt — they see a real supply squeeze ahead. the pressure is building on both sides: less oil in storage and demand still high enough to keep drawing it down.