Future demand could surprise to the upside as countries rebuild depleted stockpiles and China eventually resumes spot crude buying, limiting the impact of any expected global oversupply.

Iran war disrupts oil supply, causing concerns for future price spikes. Crude oil reaching a new all-time high by September 30 at 2.5% YES.

The global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts warn that depleted strategic reserves,…