Fitch Ratings predicts global oil markets will revert to oversupply after the Strait of Hormuz reopens, attributing recent price surges to a temporary logistical supply disruption.

Global oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The closure is a temporary supply shock,…

Fitch Ratings predicts global oil markets will revert to oversupply after the Strait of Hormuz reopens, attributing recent price surges to a temporary logistical supply disruption.