IEA data shows onshore inventories fell sharply while more crude is stuck at sea, making supplies harder to access quickly; if the trend continues, analysts warn oil could climb from about $109 to at least $140 a barrel

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.

IEA data shows onshore inventories fell sharply while more crude is stuck at sea, making supplies harder to access quickly; if the trend continues, analysts warn oil could climb…