Cushing Stocks Crash To 'Tank Bottoms', Seasonally Lowest Since 2005; SPR Sees Another Huge Drain

How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices | OilPrice.com

Low OECD inventories, a depleted U.S. SPR, recovering demand, and persistent geopolitical risks suggest Brent could find support well above pre-war levels even if Middle East supply gradually returns.