INDUSTRY WARNING: US oil inventories hit DANGEROUS territory

Shrinking U.S. oil inventories and global supply disruptions could push gasoline prices higher for American consumers. The warning from API CEO Mike Sommers signals a near-term upside risk to energy costs and inflation, though the article does not cite a specific price move or supply shock.

Analysis

Shrinking U.S. oil inventories and global supply disruptions could push gasoline prices higher for American consumers. The warning from API CEO Mike Sommers signals a near-term upside risk to energy costs and inflation, though the article does not cite a specific price move or supply shock.