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Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn | Fortune
Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.
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cnbc.com
Global oil stockpiles could hit record lows if Strait of Hormuz remains closed
The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.
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fortune.com
Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn | Fortune
Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.
- ·
U.S., Iran stall on Hormuz reopening as oil supplies tighten | Fortune
Physical crude markets have also firmed again in recent days, offering a reminder of the wider supply tightness that’s hitting the global oil industry.